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Middle East and Africa

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

 

Egypt passes insurance reform

New law increases capital requirements for insurers and reinsurers

Egypt Property

Fidelis Partnership opens Abu Dhabi office

MGU hires former Oneglobal senior executive Matthew Warren to lead new office

Middle East and Africa United Arab Emirates

Vessel Protect increases limits for hull and cargo war risk

Move comes after Howden’s recent launch of cargo facility for the Red Sea

Yemen Ukraine

Viewpoint: Ten lessons from Dubai flooding event

Dubai’s recent cataclysmic flooding highlights the urgent need for improved flood resilience and preparedness measures

United Arab Emirates Property

UAE flooding insured losses could top $850m: Guy Carpenter

Reinsurance broker says floods could raise awareness of underinsurance, as AM Best maintains stable outlook on region’s insurance sector

Middle East and Africa United Arab Emirates

Africa Specialty Risks launches syndicate

Reinsurance group launches market's first Africa-focused Lloyd's syndicate

Middle East and Africa Lloyds

Reinsurers brace for commercial property and engineering losses from Dubai floods

Continued flooding could force up premiums and reinsurance costs, AM Best warns

United Arab Emirates Property

Munich Re reorganises Asia and Africa operations

Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl

Munich Re Asia Pacific

The insurance industry should keep an eye on Red Sea attacks

While the Houthi attacks in the Red Sea are being managed there is a real risk to the global supply chain

Middle East and Africa Legal focus

Middle East tensions fail to move dial on war risk rates

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening on Gulf trips

Middle East and Africa Iran

MS Re names Hottinger head of EMEA P&C division

Switzerland-based reinsurer hires former Axis Re executive to drive growth in European, Middle East and Africa markets

Europe Middle East and Africa

Iran attack unlikely to have an impact on insurers: S&P Global

European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says

Middle East and Africa Europe

Stable or softening D&O markets in US, Canada and Europe: Gallagher

Middle East seeing influx of new providers due to legal reforms, broker reports

International Middle East and Africa

Owners have legal duty to seek release of ransomed crews

War risk, hull and machinery or kidnap and ransom cover will normally foot the bill, with cargo contributing through general average, experts say

International Yemen

Somalia piracy resurgence makes kidnap and ransom cover necessary

When vessels are hijacked, the human beings on board are not always as well insured as the contents of a bulker’s holds

Somalia Marine

Navium had 100% of war risk on True Confidence

Clive Washbourn-led marine MGA will be on the hook for bulk carrier’s hull value, estimated at $17.6m, but could be protected through sidecar arrangement with reinsurer Fidelis

Yemen London
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