The parametric product will protect up to 300,000 farmers from drought and rainfall

Richard Turner anticipates slow resumption of Red Sea and Israel trade as networks and schedules are rearranged

Move will allow ASR to underwrite business in Mauritius on behalf of syndicate 2454

Brokers confirm pricing is shading down, but say matters could take ‘weeks and months’ to pan out

Competition and softening market are pushing down prices, market sources say

Baobab consortium will offer $21m in capacity across lines including political risk and trade credit

Specialty managing general agent strikes deal for Dubai-based reinsurance specialist

Rerouting to avoid Houthi aggression has doubled traffic along the international shipping lane through the Indian Ocean and off the coast of Somalia

Danish insurer said to be refusing payout, on grounds that Houthis are not a ‘state power’ as per the Nordic Plan

Travelers on hook for seafarer kidnap and ransom, market sources say

Nina Arquint, Swiss Re Corporate Solutions’ head of Europe, the Middle East and Africa, describes how insurers can meet the evolving needs of risk managers

Jones joins from Lockton, where he was power and infrastructure senior vice-president

Development enhances group's distribution network, providing brokers in Africa and the Middle East with more efficient access to the Lloyd’s market

East Africa rainy seasons are primarily influenced by the movement of the Intertropical Convergence Zone, but they are also affected by major climate patterns: the Indian Ocean Dipole and El Niño-Southern Oscillation

New managing general agent will focus on international property, energy, cyber, forestry and surety

New division will be led by Aurélien Sauty, who joins from Berkshire Hathaway Specialty Insurance, where he was assistant vice-president for marine in the Middle East