Middle East
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Global tensions can be eased through climate risk management, finds new report
Lloyd’s has published a new report that it says will help risk managers and insurers navigate the significant overlap between…
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Cyber biggest risk in Allianz Barometer as pandemic fears recede
Cyber is the biggest business risk this year, knocking business interruption (BI) off the top spot into second place, with…
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Kroll names new MD to boost AML services
Governance, risk and transparency expert Kroll has appointed David Lewis, former executive secretary of the Financial Action Task Force (FATF),…
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Businesses must prepare for disorderly transition to net zero: WEF
Companies should prepare for a “disorderly transition” to a low-carbon economy, as climate change adaptation threatens to increase societal, economic…
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New head of financial lines for Gallagher in Middle East
Daniel Miller has been appointed to lead Gallagher’s financial lines operations for clients in the Middle East. He will join…
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Hashtag campaigns drive political risk, warns WTW
New technology, and social media in particular, has grown to become a key political risk and driver of social unrest,…
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Protests jump 45% across MENA region driven by Covid-19
The number of protests and riots in the Middle East and north Africa region (MENA) has jumped by 45% in…
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Geneva Association report urges insurers to address future risks of growing urban centres
Insurers have been urged to proactively engage in building the resilience of urban centres to the emerging risks of growing…
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Pandemic drives one third of global workers to gig economy: MAXIS survey
More than one third of full-time global workers, at 35%, said they are more likely to switch to non-traditional work,…
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Zurich warns of extended hard market following cats
Europe’s risk managers have been warned that the recent string of natural catastrophes suffered by leading insurers will extend the…
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Swiss Re CorSo to expand in hard market
Swiss Re Corporate Solutions (CorSo) has set out its growth ambitions in the hard market, which the corporate insurer expects…
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Ardonagh Group completes BGC Partners deal
Ardonagh Group has completed its $500m deal for the insurance operations of BGC Partners, which increases group revenues to $1.4bn…
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Gallagher appoints specialty energy team partner
Gallagher has appointed William Peilow as a partner in its specialty energy team. He will join in January 2022 and…
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Cyber tops Aon’s risk survey for first time with BI number one in Europe
For the first time since Aon’s Global Risk Management Survey began in 2007, cyber has topped the risk list, followed…
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Multinationals underestimating social risks as they face big exposure from cities, warns Verisk
Verisk Maplecroft said “not enough” global companies are switched on to human rights risks in countries where they have operations…
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Howden says pension funds could boost new disaster relief by $1.5trn
Pension fund capital worth $1.5trn could be pooled to better protect vulnerable communities from the impacts of climate change, according…
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Pricing and terms on the turn in MENA region, says AM Best
Following several years of persisting soft market conditions, pricing and terms in the Middle East and north Africa (MENA) are…
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Aon tackles Europe’s ‘impossible’ cyber placements with Ransomware Defence launch
Aon said mid-market businesses in the UK and EMEA struggling to buy cyber insurance can improve their insurability with the…
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Sedgwick appoints Hasson to head Europe financial risks team
Sedgwick has appointed Ian Hasson as executive major and complex loss adjuster and director of its financial risk team in…
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Captive growth continuing, driven by cell captive formations, says Marsh report
Captive growth gained greater momentum in 2020 and is continuing at a similar rate in 2021, according to Marsh’s 2021…
