Middle East and Africa
This region's insurance markets are expected to undergo rapid expansion
Static approach to Middle East risk insufficient: WTW
The scale and spillover of the current crisis is drawing corporate operations and global supply chains directly into the conflict environment, according to WTW’s Patrick Rogers
AM Best keeps stable outlook on London market
London market should see profits in 2026 despite softening in some lines
Insurers still writing all marine classes in Gulf, IUMI insists
Lawyers raise spectre of 12-month total loss claims for deprivation of use, with aggregate payout potentially running to billions of dollars
WTW warns on Hormuz-Bab el Mandeb simultaneous closure nightmare
Base case remains ceasefire in next few weeks, but fears growing that Houthis could resume Red Sea attacks
UAE insurance ambitions ‘likely to withstand short war’
A prolonged conflict increases risk of the UAE becoming less attractive to insurance market, analysts warn
Political risk insurance demand set to spike as Middle East tensions grow
Growing appetite for cover as missile strikes and regional unpredictability heighten threats to businesses, survey finds
Chubb updates on US Gulf reinsurance plan
US insurance giant will set prices and handle claims, while the federal government will determine access terms
Middle East tensions raise aggregation risks for terrorism insurers
Prolonged conflict could lead to stricter underwriting conditions and reduced capacity, particularly for risks linked to critical infrastructure and high-profile locations, analysts warn
Dire straits
Costlier energy is only one in a pileup of risks facing re/insurers for many months to come
Prolonged Iran conflict ‘could expose reinsurers to economic turmoil’
AM Best warns on regional and global impacts of a prolonged war in the Middle East
How a prolonged Gulf conflict could squeeze P&I clubs
Exposure limited for now, as Standard & Poor’s flags possible risk to investment returns
Chubb to lead US reinsurance facility for Gulf shipping
Other American insurance companies have been identified to provide additional reinsurance capacity, Development Finance Corporation says
Three vessels struck in Middle East Gulf
Two bulkers and a containership were damaged in this morning’s attacks
Santam trims COR to 88.7% in 2025
South Africa’s largest general insurer reports strong growth in property as new Lloyd’s syndicate begins writing business
US launches $20bn reinsurance facility for Gulf shipping
Development Finance Corporation to offer US state-backed coverage in hopes of restarting shipping through Strait of Hormuz, but details remain unclear
Military escort through the Strait of Hormuz unrealistic: Herminius
The vessels that would realistically be used to escort commercial vessels are currently being used to defend the US’s carrier fleet
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