Middle East
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Howden takes another step towards being top independent broker in Europe
Howden, the London-based international specialty broker that is part of the Hyperion Insurance Group and 46% staff-owned, aims to become…
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Changes to insurance-related charges in Saudi Arabia and Spain – TMF Group
There have been a couple of recent changes to insurance-related charges, including VAT, in Saudi Arabia and Spain, that may…
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Best downgrades GCC insurance markets outlook to negative
The economic downturn in the Gulf Cooperation Council (GCC) region, together with the expectation of lower insurance demand following the…
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Construction industry faces up to huge Covid-19 upheaval
The construction industry has been hit hard by Covid-19, which has thrown up or exacerbated a whole range of risks…
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Insurance Premium Tax changes highlighted by TMF Group
There have been a number of changes to Insurance Premium Tax (IPT) and other insurance-related charges including VAT, according to…
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Chubb appoints powergen leader for Africa
Chubb has appointed Mark Quinn as regional head of powergen for Eurasia and Africa. Mr Quinn will have overall responsibility…
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Contract frustration claims from virus likely to lead trade credit losses: Kennedys
The Covid-19 pandemic will deliver insured losses in the trade credit market, mainly from falling commodity prices, increased governmental intervention…
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‘Savage’ upstream energy conditions threaten capacity exists, warns Marsh JLT Specialty
Marsh JLT Specialty has warned that “savage” conditions facing upstream energy firms are likely to be made worse by insurance…
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IIF calls for short, blunt and coordinated global action to deal with virus crisis
The Institute for International Finance (IIF), the Washington D.C.-based body that represents more than 450 financial institutions from approximately 70…
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IIF calls for unity in virus response and level playing field for all
The Washington-based Institute of International Finance (IIF) has called on international policymakers to maintain a united and coordinated response to…
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IGI Bermuda gets provisional approval as US excess and surplus lines insurer
The Bermuda subsidiary of International General Insurance Holdings (IGI) has been granted provisional approval by the National Association of Insurance…
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D&O claims could be triggered by Covid-19 warns HFW
Directors and officers of companies, especially those in financial services, should ensure that they have robust disaster recovery plans and…
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World Bank’s pandemic bonds set to payout for coronavirus: DBRS Morningstar
The current coronavirus (Covid-19) outbreak will likely trigger payouts for $132.5m in pandemic catastrophe bonds sponsored by the World Bank…
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Acceleration in coronavirus numbers hammers Asia-Pacific manufacturing figures
Leading economies in the Asia-Pacific region are feeling the impact of the coronavirus outbreak, as manufacturing figures in Japan and…
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GCC insurance markets facing intense competition and costly regulations
The Gulf Cooperation Council (GCC) insurance market is facing intensifying competition, increasing asset risk, and more onerous and costly regulations,…
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Iran conflict fears ease but foreign firms advised to prepare for the worst
Foreign companies are being advised to prepare for ongoing volatility in the Middle East, but the risk of a wider…
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Risk managers with operations in the Middle East must brace for rising premiums as tensions boil over, says DWF
The Middle East crisis will see premiums rise exponentially in marine and other lines for companies operating in the region,…
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Climate change tops travel risk list for 2020
Climate change has topped a list of travel risks for 2020, according to poll of top ten threats by Riskline.…
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Stokes joins New Dawn Risk
New Dawn Risk has strengthened its senior team with the appointment of Nicky Stokes as head of management liability and…
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Gulf employers urged to act fast on cross-border benefits as Dubai introduces new scheme
The Dubai International Finance Centre (DIFC) has announced a one-month delay until 1 February for the introduction of its new…