Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Gallagher names Witchard marine executive director for MEA
In his new role Witchard will be responsible for advising clients on shipping, cargo, hull and machinery risks
Lockton promotes Abboud to senior executive officer in Dubai
Abboud was most recently wholesale managing director for Middle East and North Africa, having been with Lockton since 2013
LSM combines finpro and casualty in restructure
Insurer looks to expand its proposition across the UK, Middle East and north Africa
Lockton Re launches Dubai operation
Reinsurance broker makes ‘significant investment’ in Mena region
Nigerian Insurance Industry Reform Act could boost London market
Newly passed law will increase capital requirements and encourage industry consolidation
Renewed sanctions on Iran create a legal minefield for marine insurers and shipowners
No blanket ban on trading with Middle East country or insuring vessels, but expect additional hoops to jump through
Vesttoo trust targets Aon and China Construction Bank
Latest court filing alleges that Aon committed fraud as it sought to promote a new intellectual property-backed lending product
Private equity firm buys Sapiens for $2.5bn
Purchase will take Nasdaq-traded insurance technology firm private
Marine insurers face renewed European sanctions on Iran
Invocation of nuclear pact ‘snapback’ will leave already complicated picture even more muddled, underwriters fear
South Africa’s subrogation shake-up
A recent case has upended years of market practice for South African insurers
Egypt urges marine underwriters to cut ‘elevated’ Red Sea premiums
The plea comes after a sharp fall in transits in wake of Houthi attacks
Gallagher hires new head of private equity
Lester will head Gallagher's transactional business teams
‘Next generation’ MGA Avatar to launch August 1
Managing general agency Avatar will focus on US mid-market cover
Santam granted ‘in principle’ approval to launch Lloyd’s syndicate
Syndicate 1918 will commence underwriting later this year, targeting up to £400m in gross written premium
IDF delivers parametric flood insurance solution for Lagos
Parametric insurance product is projected to protect up to four million people in Lagos State
QIC secures AAA rating for ESG
Rating makes QIC the first company in Qatar and the only insurer in the Middle East and North Africa region to achieve this status
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