All Middle East articles
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NewsSaudi Re appoints Ahmed Al-Jabr as new CEO
The reinsurer’s new CEO was previously leading Saudi Re in an acting capacity; in the first half of 2024 Saudi Re grew its book by 19% to SAR 1.4bn gross premium.
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NewsPositive pricing dynamics benefit MENA and SSA reinsurers – AM Best
Two reports from rating agency AM Best give an upbeat summary of the market environment for reinsurers in the regions of Middle East and North Africa (MENA), and Sub-Saharan Africa (SSA).
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NewsChedid Capital appoints ex Sompo Canopius CEO Davies as non-exec to Milestone board
The Middle Eastern re/insurance broker said it was ramping up its global governance efforts with the appointment of Stuart Davies, who previously served as group CEO of Sompo Canopius.
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NewsGIG appoints new board led by Fairfax’s Khosrowshahi as chairman
Fairfax Financial is majority shareholder of Kuwait-based Middle East insurer Gulf Insurance Group.
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NewsChedid Re adds Vandendael as non-exec to board
The Middle Eastern reinsurance broker has appointed the former chief commercial officer of Lloyd’s as an independent non-executive director of Chedid Re Global Operations’ board.
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NewsDWIC 2024 post event report: From Uncertainty to Opportunity
An event report on this year’s record-breaking Dubai World Insurance Congress, in association with the Dubai International Financial Centre Authority.
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News‘Lessons to be learned’ from Dubai April rainfall – IGI’s Labat
The heavy rain that hit Dubai in April 2024 were a major talking point in one-to-one meetings at this year’s DWIC.
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NewsFidelis Partnership to open Abu Dhabi office
Matthew Warren joins from broker Oneglobal to lead the office as executive chairman of Fidelis MEASA.
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NewsAM Best keeps ‘stable’ outlook on Gulf insurance markets
The insurance markets of the Gulf countries are broadly stable, the rating agency said in a segment report, but reinsurance was flagged as a vulnerability for local carriers.
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NewsHannover ReTakaful: ‘We are fully committed to the MENA region’
Olaf Brock, managing director and CEO of Hannover Re’s Bahrain branch and Hannover ReTakaful, provided GR with a pre-DWIC Q&A.
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NewsThe new PV reinsurance market hub in Dubai
There are at least ten active carriers or MGAs of political violence re/insurance operating from the Dubai International Financial Centre, one senior Dubai-based underwriter says.
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NewsDubai floods add to claims, reinsurance costs for local insurers – Moody’s
April storms mean claims and increased reinsurance costs for GCC insurers, according to a rating agency report.
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NewsChedid Capital buys remaining 20% stake in Groupe Ascoma
The Middle Eastern re/insurance broker moves to further cement its position in Africa’s insurance market.
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NewsGabriel using AI to prevent and respond to mass shootings
Artificial intelligence (AI) can be used for many things, but is responding to and preventing mass shootings its next frontier?
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NewsHowden launches Red Sea cargo war risk facility
First of its kind insurance facility within an active conflict zone to protect ships and strengthen global supply chains.
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NewsSaudi the ‘main driver’ for Dubai business – IGI’s Labat
IGI’s Dubai hub prioritises facultative business, because treaty reinsurance competition is fierce in the Middle East and sees a construction boom in Saudi Arabia as its biggest pipeline for growth.
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NewsMiddle East retention levels rising – Chedid Re’s Abi Rached
Local insurers have “more skin in the game” due to the hard market for reinsurance.
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NewsOman Re gains Retakaful licence
Oman’s Capital Market Authority grants a licence for Oman Re to underwrite Retakaful, providing Islamic compliant reinsurance solutions for Takaful business.
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NewsTrust Re seeks return to rating as rebuild continues – Albaharna GAIF34 interview
Chief executive of Trust Re explains the reinsurer plans to restore it’s former rated A-rated status, putting an end to temporary fronting arrangements while its shareholding issue is resolved.
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NewsDriving behaviours to increase climate risk resilience – SCOR at GAIF34
Reinsurance rates are being driven by increased claims and exposures, but the insurance industry has the data in its power to incentivise construction practices that will in turn reduce insureds’ exposure to climate change, and the prices paid for protection.
