Middle East
-
AXA changes top team ahead of new strategic three-year plan
AXA XL has appointed Renaud Guidée as CEO of reinsurance, replacing Nancy Bewlay who has been named chief underwriting officer…
-
New terrorism, political violence and war underwriter at Arch Insurance International
Jalal Chtioui has been appointed by Arch Insurance International as senior underwriter, terrorism, political violence and war. He will focus…
-
Cyber market softening but war exclusions a concern, says Aon
Aon says that “substantial” new capacity will help soften the global cyber insurance market and expects premium rates to be…
-
M&A appetite returning despite concern over regulatory risks
Appetite for M&A looks set to rebound this year despite fears over stricter regulations, with more firms likely to turn…
-
New regional managers for Brokerslink
Brokerslink has appointed three new regional managers for its network in Asia Pacific, Europe and the Middle East. The three…
-
Market improving for buyers but nat cat property tough: Aon
Average insurance price increases stood between 1% and 10% across all global regions in Q1 2023 as upward rating pressure…
-
Commercial rate increases of 6% help drive Zurich’s Q1 P&C growth
Zurich’s P&C insurance revenue increased 7% in the first quarter, driven by “strong” growth in commercial business and further price…
-
Swiss Re Corporates Solutions names Hall head of wholesale in UK and EMEA
Swiss Re Corporate Solutions has announced that Adrian Hall will succeed Melanie Slack as head of UK, Ireland, South Africa…
-
New heads of Europe and Middle East for BHSI
Berkshire Hathaway Specialty Insurance (BHSI) has appointed new heads of Europe and Middle East. Alessandro Cerase has been appointed president…
-
DWF expands Dubai office with two new partners
DWF has expanded its Dubai office with the appointment of insurance disputes and coverage experts Victoria Clucas and Bill Evans…
-
Q1 insured cat losses reach $15bn: Aon
Aon estimates that first-quarter insured natural catastrophe losses reached $15bn, which is close to the period's 10-year average, with total…
-
Howden Bahrain gets regulatory license from central bank
Howden has received a regulatory license from the Central Bank of Bahrain to establish operations in the Kingdom of Bahrain.…
-
Turkish earthquakes financial loss estimated at $103.6bn
The financial loss arising from 6 February earthquakes in Turkey is estimated at TRY2tn or $103.6bn, equivalent to 9% of…
-
GCC insurance market on solid footing but headwinds gathering strength, says Best
The Gulf Cooperation Council’s (GCC) insurance market has a “solid footing” entering 2023, but the weight of headwinds facing the…
-
Transactional risk coverage prices and volume fall sharply
The amount of insurance limits placed to cover merger and acquisition liabilities and cost of the coverage fell significantly last…
-
Global insurance sector mergers and acquisitions up 7.4% in 2022
There were 449 mergers and acquisitions completed in the global insurance sector last year, up 7.4% from 2021, according to…
-
Aon names Penalva head of enterprise clients in EMEA
Aon has appointed Pedro Penalva as head of enterprise clients for the EMEA region. Penalva joined Aon in 2010 and…
-
Mosaic opens Dubai International Financial Centre office
Mosaic Insurance has opened an office in Dubai, United Arab Emirates located in the Dubai International Financial Centre (DIFC) district.…
-
Gallagher to offer energy risk engineering services in Middle East
Gallagher is launching a new practice providing energy and power risk services for clients in the Middle East. To lead…
-
Two-tier market in play despite more stability for many buyers: Aon
The global commercial insurance market stabilised in most regions during Q3, with average rate increases between 1% and 10%, according…