Middle East
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UK P&I Club appoints EMEA syndicate manager
UK P&I Club has appointed claims expert Angie Hatziefstratiou as syndicate manager for its EMEA 2 region, covering the UK,…
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Middle East conflict threatens supply chains and shipping
Companies need to double down on political risk in their supply chains as conflict in the Middle East threatens to…
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RSA expands global network team
RSA Insurance has made two hires in its global network team, with the appointments of Melissa Rayner and Christian Garcia…
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Insurers in Turkiye expect sharp hikes in premiums in 2024
Much higher increases are expected in insurance premiums in the new year, even as premiums are already rising sharply because…
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Latest insurance premium tax rate changes from TMF Group
TMF Group has announced the latest rate changes to insurance premium tax (IPT) and other insurance levies around the world,…
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Aviation war rates to rise significantly as tensions mount in Gaza
Commercial airlines can expect ongoing rate hikes of 40% and higher for aviation war coverage at upcoming renewals as the…
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Israel will compensate ships for war damage
The Israeli government said it will compensate shipowners for any damage incurred as a result of the war with Hamas.…
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War risks no longer covered in Lebanon as Hamas-Israel war spills over
War risks are no longer covered by new insurance policies following the outbreak of conflict between Hamas and Israel as…
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Lloyd’s models five-year extreme weather losses at $5trn
Lloyd’s said global economic losses from extreme weather events would total $5trn over a period of five years after it…
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MENA reinsurers report double-digit growth and plentiful capacity
Recent market conditions have favoured MENA reinsurers, but operational challenges and deteriorating risk landscapes, particularly for non-oil producing countries, continue…
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Saudi Arabia sets out regulations for new insurance authority
The Official Gazette has published the details of the Regulation of the Insurance Authority in Saudi Arabia. The Regulation, approved…
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Global insurance M&A drops ‘sharply’ in H1: Clyde & Co
Mergers and acquisitions (M&A) in the global insurance industry dropped “sharply” by 17% in the first half this year to…
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Xceedance creates new EMEA and APAC role as it targets expansion
Xceedance, which provides technology and digital solutions, claims services, data and analytics to the insurance industry, has promoted Amit Tiwari…
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New head of transactional liability insurance for Asia and Middle East at BHSI
Louis Bidmead as head of transactional liability insurance for Asia and the Middle East at Berkshire Hathaway Specialty Insurance (BHSI).…
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Big increase in transactional risk claims notifications in 2022
There has been a substantial 25% increase in global claim notifications on transactional risk policies in 2022 but the expected…
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Marsh’s revenue up 9%
Marsh’s revenue rose 9% in both the last quarter and for the first six months of this year as parent…
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Growth in Middle East civil unrest sees exclusions and coverage limitations
There has been a big increase in civil unrest in the Middle East in the past year, leading to some…
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Allianz extends global commercial board member term to 2028
Allianz has extended the term for board member Christopher Townsend – who is responsible for global insurance lines, global commercial…
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IMF calls for heightened risk management in MENAPEG region
Improved risk awareness, planning, management and mitigation can help vulnerable nations in the Middle East, North Africa and Pakistan (MENAPEG)…
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London market covers UN operation to remove oil from Yemen ship
An emergency operation conducted by the United Nations to avert a major leak from an oil storage ship off the…