Middle East
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April 26, 2024
Marsh launches global alternative risk solutions practice
A new global alternative risk solutions practice has been launched by Marsh, bringing together its expertise in parametric solutions, alternative…
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April 25, 2024
London market to remain closed for construction SPPI cover
The London insurance market is unlikely to start offering single project professional indemnity (SPPI) cover for construction firms again anytime…
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April 23, 2024
Dubai floods put $8bn of aircraft at risk, estimates Russell Group
Aircraft with a value of $8bn on the ground at Dubai’s airport were at risk of damage during unprecedented rainstorms…
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April 23, 2024
Transactional risk market set to rebalance on back of M&A activity, says Chubb
Chubb’s new international transactional risk platform will initially focus on EMEA risks but will look to expand further in a…
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April 19, 2024
UAE flash flood losses manageable as insurers adapt to changing weather
The recent extreme weather that caused severe flash flooding in the United Arab Emirates (UAE) is expected to prompt swathes…
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April 18, 2024
Munich Re reorganises P&C underwriting in Asia Pacific, Middle East & Africa
Munich Re has reorganised its local P&C underwriting in Asia Pacific, Middle East and Africa (APAC MEA) with stronger local…
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April 18, 2024
Allianz sells its 51% stake in Allianz Saudi Fransi
Allianz Group has completed the disposal of its 51% stake in Allianz Saudi Fransi to Abu Dhabi National Insurance Company…
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April 17, 2024
Howden launches Red Sea cargo war risk coverage
Global broker Howden has launched what it claims is the first cargo war risk facility to cover vessels in the…
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April 8, 2024
EU and US co-lead effort to tackle critical raw material supply chain risk
The EU has announced an agreement with the US, Kazakhstan, Namibia, Ukraine and Uzbekistan to create a new “club” designed…
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April 3, 2024
New MGA Devonshire to focus on transactional risk
A new MGA has been launched specialising in underwriting transactional risk and backed by Lloyd’s and a panel of A-rated…
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March 22, 2024
Risk managers turn to parametric solutions as protection gap widens
Parametric coverages are rapidly becoming an essential part of the risk management toolbox, as organisations the world over struggle to…
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March 20, 2024
Health and safety ‘surprise’ top risk for global D&Os, finds WTW survey
Health and safety is the “surprising” top risk for 84% of global directors, officers and risk managers, according to a…
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March 19, 2024
Europe and Central Asia hotspots as forced labour profits reach $236bn
Annual private sector profits from forced labour have reached $236bn, up 37%, or $64bn, since 2014 with Europe and the…
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March 19, 2024
Chubb launches global transactional risk platform
Chubb has launched a global transactional risk platform that will offer its products across international markets while boosting its existing…
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March 18, 2024
Ferma’s survey deadline approaches
The deadline to take part in this year’s Ferma survey, which is open to risk managers around the world for…
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March 18, 2024
USAID and WTW working on parametric solution to boost climate change resilience
WTW is working with the US Agency for International Development (USAID) to deliver a parametric solution that will protect and…
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March 11, 2024
EMEA pricing flat in Q4 and easier than other regions: Aon
The EMEA insurance market was flat overall from a pricing perspective in the last quarter of 2023 and slightly easier…
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March 8, 2024
Reputation, supply chain and cyber pose biggest risks to global retailers, reveals WTW survey
Global retailers are finding it hard to get the right insurance at an acceptable price as the range of risks…
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March 7, 2024
Mosaic launches technology errors and omissions solution
A primary technology errors and omissions (E&O) solution has been launched by Bermuda-based specialty insurer Mosaic Insurance. The new coverage…
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March 5, 2024
War risk rates hold firm after Red Sea sinking: reports
Shipping war risk insurance rates have held steady after the total loss of UK-owned cargo vessel Rubymar at the weekend,…