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
Trump war risk scheme ‘ready when needed’
Chubb-led $40bn war risk scheme can be launched, when necessary, government official confirms
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Distinction between war risk and core coverage no longer valid, head of hull at heavyweight broker contends
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
Marine insurers face snap judgements over ‘fragile stabilisation’ in Strait of Hormuz
Normalisation hinges on return to historic transit volumes, say underwriters
Price Forbes builds MEA fac capability
Brokers makes senior hires from Guy Carpenter as it responds to ‘surging demand’ in the region
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
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
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
Gallagher buys majority share in Saudi broker
The broker acquired majority stake in Ace Re Gallagher Arabia
The Fidelis Partnership launches PVT consortium
Lloyd's-backed consortium can deploy up to $47.5m per risk in the Middle East
ASR inks strategic investment partnership with Vitruvian
Private equity firm to buy the majority share in Africa-focused re/insurer held by Helios
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
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
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
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
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