Middle East
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Dubai Aerospace receives $282m settlement for Russia-leased aircraft
Aircraft lessor Dubai Aerospace Enterprise (DAE) has revealed it has received $282m in a recent settlement with insurers for jets…
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US tariffs set to increase insurance costs for firms across the world
New US tariffs laid out by President Donald Trump are set to increase insurance rates for companies across the world,…
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UAE insurance market sees GWP increase by 21%
Gross written premiums in the UAE insurance sector rose by 21.4% in 2024 to AED 64.8bn (€16.27bn), according to the…
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FM opening research centre in Europe to boost risk mitigation
FM is opening a European Science and Technology Centre in Luxembourg to help share and boost risk mitigation practices with…
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Cyber risk management provider KYND looking to expand in EMEA
Cyber risk management solution provider KYND has made two strategic hires as it looks to expand in EMEA. Nadji Raib…
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WTW records 21% drop in crisis notifications
WTW reports a 21% fall in the number of client incident notifications to its risk advisory and crisis support service…
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QBE launches political violence and terrorism insurance in Dubai
QBE has launched political violence & terrorism insurance in Dubai as part of its international markets portfolio. The new line…
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Lockton appoints UAE CEO for retail insurance operations
Adeeb Al Naser has been appointed by Lockton to the role of United Arab Emirates CEO for its retail insurance…
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Softening market for financial institutions to continue, says Gallagher
The global financial institutions insurance market remained buoyant for policyholders during 2024, despite several well-publicised global and national economic headwinds,…
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New MENA credit and political risk offering from MS Amlin
Lloyd’s (re)insurer MS Amlin is launching a new credit and political risk offering in Dubai. The insurer has appointed Osama…
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Egypt increases insurers’ capital requirements to enhance solvency
Egypt’s Financial Regulatory Authority (FRA) has issued a decision to increase the minimum capital of insurance companies to enhance financial…
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Climate change hits record high in Allianz Barometer but cyber risk retains top spot
Cyber, business interruption (BI) and nat cats remain the three most-feared global business risks in the latest Allianz Barometer, but…
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Softening property reinsurance market across most regions, says Aon
Global property reinsurance rates were typically down in the mid-single to mid-teen percentage range at 1 Jan, but Canada, the…
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Dubai Aerospace paid further $201m for leased aircraft in Russia
Aircraft lessor Dubai Aerospace Enterprise said it has settled with insurers of jets stranded in Russia for a further $201m…
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Risk map highlights escalating geopolitical tensions
Heightened geopolitical tensions have led to an increase in security risk ratings, according to International SOS. The security and health…
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Global M&A up 15% in 2024
Global M&As are predicted to close 2024 with a value of $3.5trn, up 15% on the previous year, while the…
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TMF Group on expected IPT and parafiscal changes in 2025
During its recent webinar IPT Compliance Challenges, TMF Group’s Christophe Bourdaire, looked at some of the challenges and hurdles faced…
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Price of credit default swaps rise in number of Gulf states
The cost of insuring against sovereign debt defaults, via credit default swaps (CDS), in Gulf states has risen in the…
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Jordan’s central bank issues draft insurance bill
The Central Bank of Jordan (CBJ) has completed preparing a draft insurance law, according to a statement by the regulator.…
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Economic risks still dominate WEF survey
Economic risks continue to dominate the concerns of G20 business leaders polled for the World Economic Forum’s (WEF’s) latest Executive…