Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Axa launches climate insurance for farmers in the DRC
The parametric product will protect up to 300,000 farmers from drought and rainfall
West of England to expand war risk offering in wake of ceasefire in Gaza
Richard Turner anticipates slow resumption of Red Sea and Israel trade as networks and schedules are rearranged
ASR launches Lloyd’s service company in Mauritius
Move will allow ASR to underwrite business in Mauritius on behalf of syndicate 2454
War risk underwriters wait for definitive Houthi stance on Gaza ceasefire
Brokers confirm pricing is shading down, but say matters could take ‘weeks and months’ to pan out
Red Sea war risk rates fall as insurers ponder Gaza peace deal
Competition and softening market are pushing down prices, market sources say
ASR launches Africa-focused Lloyd’s consortium
Baobab consortium will offer $21m in capacity across lines including political risk and trade credit
Nexus Underwriting to acquire Arma
Specialty managing general agent strikes deal for Dubai-based reinsurance specialist
Piracy exposure increases in Somali basin because of Red Sea diversions
Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the coast of Somalia
Galaxy Leader owner in dispute with Codan over loss-of-hire cover
Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan
Ascot and Markel lead hull war risk slip on captured Galaxy Leader
Travelers on hook for seafarer kidnap and ransom, market sources say
How to equip the modern risk manager
Nina Arquint, Swiss Re Corporate Solutions’ head of Europe, the Middle East and Africa, describes how insurers can meet the evolving needs of risk managers
Gallagher names Jones MEA head of construction and power
Jones joins from Lockton, where he was power and infrastructure senior vice-president
Africa Specialty Risks Ltd to operate as Lloyd's service company
Development enhances group's distribution network, providing brokers in Africa and the Middle East with more efficient access to the Lloyd’s market
Parametric insurance can play a vital role in east Africa’s battle with severe drought and rain
East Africa rainy seasons are primarily influenced by the movement of the Intertropical Convergence Zone, but they are also affected by major climate patterns: the Indian Ocean Dipole and El Niño-Southern Oscillation
Specialty MGA Africa & Middle East launches with Casablanca office
New managing general agent will focus on international property, energy, cyber, forestry and surety
Africa Specialty Risks launches marine and aviation division
New division will be led by Aurélien Sauty, who joins from Berkshire Hathaway Specialty Insurance, where he was assistant vice-president for marine in the Middle East
You must sign in to use this functionality
Authentication.SignIn.HeadSignInHeader
Email Article
All set! This article has been sent to my@email.address.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.