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Middle East and Africa

This region's insurance markets are expected to undergo rapid expansion

 

Some underwriters set to slash Hormuz war risk pricing in bid to grab market share

Brokers suggest some war risk carriers may take advantage of the slightly improved risk situation

Strait of Hormuz crisis Middle East and Africa

Trump war risk scheme ‘ready when needed’

Chubb-led $40bn war risk scheme can be launched, when necessary, government official confirms

Strait of Hormuz crisis Marine

Hormuz fallout will change marine insurance permanently, argues Willis

Distinction between war risk and core coverage no longer valid, head of hull at heavyweight broker contends

Strait of Hormuz crisis Marine

Covid‑19 exclusions in claims‑made policies

High Court in South Africa clarifies the operation of claims-made policies and underscores the critical importance of timeous notification

Legal focus Casualty

Marine insurers face snap judgements over ‘fragile stabilisation’ in Strait of Hormuz

Normalisation hinges on return to historic transit volumes, say underwriters

Strait of Hormuz crisis Middle East and Africa

Price Forbes builds MEA fac capability

Brokers makes senior hires from Guy Carpenter as it responds to ‘surging demand’ in the region

Middle East and Africa Broker

Hormuz war risk rates yo-yo as underwriters watch politics unfold

Reports of double-digit quotes, but most seem to be going a lot lower

Strait of Hormuz crisis Marine
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A fragile thaw in Hormuz but timing and sequence now matter

Insurers for now are holding firm on high war‑risk premiums, insisting on ‘solid evidence’ of lasting safety before lowering rates

Strait of Hormuz crisis Iran

Bridging the Africa confidence gap

Many investors still approach Africa with a level of caution that often bears little resemblance to the realities on the ground

Viewpoint Energy

Gallagher buys majority share in Saudi broker

The broker acquired majority stake in Ace Re Gallagher Arabia 

Saudi Arabia Broker

The Fidelis Partnership launches PVT consortium

Lloyd's-backed consortium can deploy up to $47.5m per risk in the Middle East

Strait of Hormuz crisis Lloyds

ASR inks strategic investment partnership with Vitruvian

Private equity firm to buy the majority share in Africa-focused re/insurer held by Helios

Specialty Reinsurance

The world has changed, so why hasn’t the insurance market?

Conflicts on the scale of the current Middle East crisis may well arise again, and the insurance market would be wise to reflect that possibility in its risk assessments

Viewpoint International

Middle East conflict could become costliest PV loss on record

Insured political violence and terror losses arising from the conflict could reach $3bn, Howden Re estimates

Strait of Hormuz crisis Property

Lloyd’s takes big hit for Hormuz loss of hire claims

Non-physical damage loss of hire payouts may run to hundreds of millions of dollars

Strait of Hormuz crisis Lloyds

Construction guarantees are subject to the South African Insurance Act

South African court ruling settles long-contested question about whether construction guarantees constitute non-life insurance policies

Legal focus Property
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