Middle East
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Many global firms lack plans to manage extreme weather, finds International SOS
A survey by International SOS Foundation has found that just a third of firms (36%) have comprehensive plans and policies…
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Economic shocks would dent a third of EMEA insurers’ capital: S&P
Insurers based in the EMEA could see their capital base eroded by the prospect of a prolonged market downturn, according…
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McGill launches AI-powered trade disruption facility
London-based specialty broker McGill and Partners has launched a new AI-powered trade disruption insurance facility, backed by Tokio Marine Kiln…
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Conflict zones up 65% since 2021 but business exposure limited
Parts of the world affected by armed conflict has grown by 65% in just three years, with the Middle East…
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Saudi Arabia general insurance industry to see sustained growth
Economic recovery in Saudi Arabia, favourable regulatory developments, as well as the government’s push for healthcare transformation are expected to…
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Trump’s ‘risky victory’ threatens to inflame geopolitical and economic tensions
Trump’s clean sweep in the US elections last week is a “risky victory” that threatens to inflame a range of…
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Political risk signals heating up for 2025
Global corporates need to pay close attention to key political risk signals going into 2025, according to Verisk Maplecroft, with…
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Gallagher launches alternative risk services in Abu Dhabi
Gallagher, through its wholly owned subsidiary Artex, has launched an alternative risk services offering in the Abu Dhabi Global Market,…
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Global market softens for first time in seven years: Marsh
Average global commercial insurance prices have fallen for the first time in seven years, down 1% in Q3 driven by…
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Ransomware and state-sanctioned cyberattacks spike, warns Microsoft
Malign actors in the cyber world are becoming “better resourced and better prepared, with increasingly sophisticated tactics, techniques and tools”,…
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Firms advised to revise crisis plans amid escalating Israel-Iran conflict
Organisations are being advised by global security risk services firm International SOS to evacuate non-essential employees from Israel, Lebanon and…
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LSM appoints new CUO for UK and MENA
Liberty Specialty Markets (LSM) has appointed Henry Nelson as chief underwriting officer (CUO) for the UK and MENA region. The…
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Lebanon pager explosions ‘a modern supply chain attack’
Simultaneous explosions of electronic devices in Lebanon over the past two days have exposed supply chain vulnerabilities to new types…
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Red Sea and Panama shipping delays impact $1.2trn of trade
The shipping of commodities worth $1trn were disrupted at the height of the Houthis’ attacks in the Red Sea, with…
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Insurer M&A activity hits new low, says Clyde & Co
The insurance carrier M&A landscape saw a new 15-year low for first-half-year activity in 2024 with 103 deals, significantly lower…
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Two more oil tankers attacked in Red Sea
Two more cargo ships have been attacked by Houthi rebels while carrying millions of barrels of oil in the Red…
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War insurance rates surge following Houthis attack in Red Sea
An attack by Houthi rebels on a Greek-flagged oil tanker in the Red Sea has led to a near-doubling of…
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GCC weather-related events in Q2 2024 contained by reinsurance
Listed insurers in the GCC region have registered growth of 8.0% in after-tax profits, according to UAE-based research and consulting…
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Metzger leaves BHSI for Chubb
Chubb has announced the appointment of Leander Metzger as regional executive officer, eastern region, for Continental Europe, Middle East & North Africa.…
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HDI Global launches Dubai operation
HDI Global has received a regulatory license from Dubai Financial Services Authority (DFSA) to open an office in Dubai. The…