DWIC | MENA
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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: Fairmont Palm and DXB attacks reveal coverage gaps for Dubai terrorism buyers
Exclusive: UAE businesses struck by Iranian missile and drone attacks, including Dubai International Airport and Fairmont The Palm, bought terrorism policies rather than broader war or political violence protection
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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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NewsMiller to acquire Shields in Dubai to expand MENA reinsurance footprint
Middle East expansion for Miller adds DFSA-regulated broker and Lloyd’s admitted platform
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NewsMAPFRE Re secures approval for India branch in Gujarat
Reinsurer’s move strengthens operational capacity in one of the world’s fastest-growing insurance markets
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NewsLoynes promoted to CEO of APMEA at Lloyd’s
Emma Loynes to lead Asia-Pacific, Middle East and Africa region as Scott Galloway steps down in New Zealand
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NewsMS Amlin and MSI launch UAE reinsurance partnership for political risk and contract frustration cover
Dubai insurer collaboration with its Japanese parent group supports Middle East growth strategy as demand rises from lenders and credit providers across the region
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NewsNiyam secures Lloyd’s nod for India-focused syndicate
Niyam Group has received in-principle approval from Lloyd’s to establish a new syndicate, as it looks to deploy disciplined reinsurance capacity into India and other high-growth markets across Asia and Africa
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NewsBMS launches in the DIFC as regional expansion continues
New Dubai platform for the re/insurance broker supports group strategy across MENA and Turkey
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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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NewsAM Best: Sub-Saharan reinsurers post strong results despite economic headwinds
Report from AM Best says the region’s reinsurers achieved double-digit returns on equity in 2024, supported by disciplined underwriting despite macroeconomic volatility
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NewsSouth African business ‘favours reinsurers’ – ASR’s Paradine
South Africa remains favourable for property reinsurers, while softening has been limited for other African business, according to ASR’s head of treaty
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NewsSpecialty reinsurance growth opportunities despite market softening – IGI’s Jabsheh
IGI is targeting specialty reinsurance expansion , GR learned at RVS 2025, with CEO Waleed Jabsheh suggesting specialty could become 25% of the firm’s reinsurance book
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NewsA market on the move: benchmarking survey
The MEASA region’s re/insurance market shows signs of resilience and untapped potential, according to GR’s RVS Benchmarking Survey for 2025
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NewsLockton Re launches MENA platform with Dubai operation
Monayer appointed CEO as reinsurance broker seeks to scale its regional reinsurance presence into the GCC and MENA markets.
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NewsLSM names Cole to lead its UK & MENA distribution
Former Generali executive to oversee client and broker relationships across key markets
