All Arabian Gulf articles
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NewsIUMI: marine insurers maintain Middle East cover despite rising tensions
Global body says capacity remains available across cargo, hull and energy risks
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NewsLMA: Hormuz shipping slowdown driven by safety fears, not insurance availability
Lloyd’s market body says marine war cover remains available despite conflict disruption, in a note in response to media reportage of marine war insurers’ role as the Middle East crisis continues
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NewsIran conflict: Naval mines and escort uncertainties to DFC, Chubb scheme
Uncertainties about provision of naval escorts and Iranian threats from mines, drones and missiles face the new marine re/insurance facility announced yesterday by the US International Development Finance Corporation
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NewsIran conflict: War amplifies specialty insurance tail risk, says Moody’s
Missile and drone attacks in the Gulf are increasing tail risk for marine, aviation and political violence insurers, but disciplined underwriting and reinsurance protection mean large carriers are expected to absorb most losses, according to a new sector analysis
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NewsIran conflict: Chubb to lead $20bn DFC marine reinsurance for Gulf shipping
Political and military uncertainties remain for the US government backed facility aiming to restore maritime trade flows through Strait of Hormuz
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NewsIran conflict: Marine insurers weigh risk along with maritime industry as Strait of Hormuz traffic collapses
War risk cover remains available, but cancellations, spiking pricing and reinsurance withdrawals have contributed, alongside risk perception of insureds, to sharply reduce tanker transits through one of the world’s most important energy chokepoints
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NewsIran conflict: Moody’s says credit impact on GCC insurers limited for now
Rating agency says investment portfolios, not claims, are the main transmission channel, though prolonged disruption could erode capital and weaken sector outlook
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NewsLockton Re hires Khan in Dubai to lead global property innovation and solutions
Former Aon and AXA XL analytics leader to drive digital and data-driven initiatives from the reinsurance broker’s Dubai hub
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NewsRiyadh Re launches with $146m capital to build Saudi reinsurance hub
New reinsurer in the Kingdom of Saudi Arabia aims to strengthen domestic capacity and expand across MENA and global markets
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NewsInterview with GAIF’s Chakib Abouzaid: Is the Gulf region an awakening insurance giant?
It’s one thing to lead an insurance federation during a period of small, incremental change. But the role is different when the regional industry is undergoing a broad and deepening transformation.
