Middle East
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Independent unified insurance regulator to be established in Saudi Arabia
The authorities in Saudi Arabia have approved the establishment of an independent regulatory authority to oversee the insurance sector and…
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Optio launches Dubai-based MGA and reinsurance broker
Specialty MGA Optio Group is to establish an MGA and reinsurance broker in Dubai, subject to final approvals from the…
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QIC Global rebrands core companies as Antares
Specialty insurance and reinsurance firm QIC Global is to rebrand its core companies using the Antares name, creating a single…
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Gallagher integrates new Turkish operation
US-based global broker Gallagher has made another step forward in its European expansion by announcing that it has fully integrated…
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Aon appoints Karlsen COO for EMEA
Aon has appointed its interim CEO for Denmark Allan Karlsen as chief operating officer of EMEA. Karlsen took up the…
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Berkshire Hathaway Specialty appoints new head of casualty for Middle East
Berkshire Hathaway Specialty Insurance (BHSI) has promoted Mohammed Hannoun to head of casualty for the Middle East. He takes over…
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Moderate EMEA P&C price rises in Q2 but German buyers suffer challenging conditions: Aon
Moderate price increases continued for most P&C insurance buyers in Europe, the Middle East and Africa (EMEA) during the second…
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Global insurance M&A up 9.5% in H1 but dips in Europe
The number of global insurance mergers and acquisitions (M&A) rose 9.5% in the first half of this year compared to…
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Cyber MGA Corvus names former AIG CUO Tadikonda as CEO to spur global expansion
Corvus Insurance, the insurtech MGA offering smart AI-driven cyber products, has named Madhu Tadikonda, the company’s president and former global…
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Aon reports strong revenue growth on back of ‘modestly positive’ market
Aon has reported further strong second-quarter revenue growth on the back of the ongoing firm global insurance market and a…
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Zurich Global Employee Benefits Solutions partners with Gulf Insurance Group in Middle East
Zurich Global Employee Benefits Solutions (ZGEBS) has formed a regional partnership with Gulf Insurance Group (GIG), to offer comprehensive pan-Middle…
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Risk managers must up their game to tackle cascading climate change risk ‘blindspots’, warns Verisk
Most companies and governments are “woefully unprepared” for the knock-on effects of climate change and are creating “risk blindspots”, warns…
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Q1 sees ‘massive’ ransomware explosion as cases exceed 2021 total, finds WatchGuard
Ransomware detected by internet security firm WatchGuard in the first quarter was more than double the number for the whole…
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Exposure and effective government drives commitment to tackling climate change in emerging nations
Emerging countries that are most exposed to global warming and those with the most effective governments are showing the strongest…
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No-code platform secures another $45m to help drive insurance innovation
INSTANDA, a no-code core insurance platform provider, has closed its latest $45m fundraising led by Toscafund, one of Europe’s leading…
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Ericsson faces SEC investigation in US over 2019 Iraq bribery report
Swedish telco Ericsson is set to face further regulatory scrutiny over bribery allegations, following an announcement from the US Securities…
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Netherlands calls for action on stranded Yemeni supertanker
The Dutch government has called for more urgent action to deal with the environmental threats posed by a decaying supertanker…
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Businesses face widespread security risk in world’s biggest cities, Verisk index shows
Some 22% of the world’s largest cities are running high or extreme security threats to businesses, according to risk intelligence…
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Inflation will prolong hard P&C market: Moody’s
Credit ratings agency Moody’s said that a period of prolonged inflation driven by the war in Ukraine will force P&C…
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Saudi insurance sector saw premium growth but net loss in 2021
The Saudi insurance sector saw premium growth of 8.4% in 2021, with total gross written premiums (GWP) totalling SAR42.03bn (€10.75bn),…
