Middle East
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French Supreme Court reinstates human rights charges against Lafarge for ISIS crimes
France’s Supreme Court has ordered construction firm Lafarge to face charges of complicity in crimes against humanity by Islamic State,…
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Tysers expands Dubai presence with marine, construction and casualty hires
Lloyd’s broker Tysers is expanding its presence in Dubai to meet the growing demand for insurance expertise in the Middle…
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Listed insurers in UAE see growth in capital, premiums and profitability, says Best
Listed insurers in the United Arab Emirates (UAE) showed strong operating performance during the first half of 2021, with net…
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Oneglobal appoints CEO of new Middle East operation
Matthew Warren has been appointed as CEO of Oneglobal Middle East and will operate from the Dubai International Financial Centre,…
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AXA completes sale of Gulf insurance operations to GIG
AXA has completed the sale of its insurance operations in the Gulf region to Gulf Insurance Group (GIG) for €222m.…
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Germany ranks highly in Marsh’s newly launched Flood Risk Index
Germany ranks highly among G20 countries on two key metrics in Marsh McLennan’s newly launched Flood Risk Index that aims…
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Lloyd’s report aims to help corporates tackle shifting geopolitical risks
A new report from Lloyd’s has laid out key steps companies can take to help manage emerging geopolitical risks and…
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Willis expands in Israel with Leaderim acquisition
Willis Towers Watson (WTW) has expanded its footprint in Israel with an agreement to acquire Israel-based insurance broker Leaderim. WTW…
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Chlorpyrifos: a risk in waiting
In her book Silent Spring, one of the most important environmental works of the 20th century, Rachel Carson wrote: “A…
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‘Breakthrough’ modelling technology reveals extent of flood risk, says WTW
Willis Towers Watson (WTW) says “breakthrough technology” that will enable insurers to better analyse flood risk and offer new types…
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Rate increases slowing down in global and EMEA markets, says Aon
The global and European commercial insurance markets remain challenging for buyers but rate increases are decelerating as new capacity enters…
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Global insurtech funding in 2021 already higher than any other year
Global investment in insurtech stood at $7.4bn at the halfway stage of 2021 and has already surpassed the total for…
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Swiss Re Corporate Solutions names new distribution head for EMEA
Swiss Re Corporate Solutions (SRCS) has appointed Caroline Pritchard as head of distribution management for Europe, Middle East and Africa…
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Most expensive cities for international employees revealed
There are some surprising entries in the 2021 Cost of Living City Ranking from Mercer, which multinationals might be interested…
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Captive allure grows in GCC as market hardens
Interest in captive insurance companies is growing in the Gulf Cooperation Council (GCC) region as international commercial insurance rates harden,…
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UAE: New law expands services of DIFC entities to customers outside the centre
The UAE has issued a new law allowing entities based in the Dubai International Financial Centre (DIFC) to offer services…
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Arthur J. Gallagher takes shareholding in MENA specialist ACE
Arthur J. Gallagher & Co has agreed to a strategic partnership with MIG Holding Ltd (MIG Group). As part of…
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Chaucer appoints political risks and credit underwriter in Singapore
Specialty (re)insurance group Chaucer has appointed Jaime Taylor as class underwriter in the political risks and credit team of its…
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Best maintains negative outlook on Gulf Cooperation Council markets
Covid-19-driven uncertainty and the risk that further oil price volatility will maintain economic pressure across the region, together with concerns…
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Global political risk outlook ‘bleak’ as pandemic fallout drives instability, finds Verisk index
Some 88 of 130 countries are likely to see a spike in political risk by 2023, with the global outlook…