All MENA articles
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NewsCanopius appoints CEO for APAC and MENA
Specialty re/insurer Canopius has announced the appointment of Soon Keen Lee as CEO of Asia-Pacific and Middle East & North Africa, subject to regulatory approval.
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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.
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NewsTemperatures are rising and MENA’s protection gap leads the world – Swiss Re at GAIF34
2023 saw major earthquakes in Turkey and Morocco, severe thunderstorms and flooding in Saudi Arabia and the UAE, hailstorms in Jordan, a tropical cyclone in Oman, and a major flood in Libya.
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NewsConstruction boom to lead expected growth for Gallagher’s Dubai practice
Onshore and offshore construction, M&A and financial lines are the top priorities for the reinsurance broker’s Middle East hub, Nadim Semaan told GR at GAIF34.
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NewsAbouzaid welcomes delegates to GAIF34 in Muscat
Secretary general of the General Arab Insurance Federation, kicked off the GAIF34 conference, which is back in Oman for the first time since 2002.
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NewsOptio expands MENA operation with senior Dubai appointment
New hire joins from Ardonagh Specialty as managing director of broking and general lines for Optio Re MENA in Dubai.
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NewsMS Amlin launches financial lines for Middle East
Lloyd’s market re/insurer announces new business class for MENA region amid growth in M&A and IPO activity.
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NewsGulf Insurance Group says “business as usual” after shareholder change
Fairfax completes acquisition of KIPCO’s stake in the Middle East and North African insurer, giving it 90% ownership of the Kuwait City-based insurer.
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NewsChedid Re named reinsurance broker of the year by MEIR
Chedid Re was recognised as “Reinsurance Broker of the Year” at the Middle East Insurance Industry Awards 2023 held on November 16.
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NewsAM Best publishes reports on MENA and Sub-Saharan African reinsurers
The rating agency reports that reinsurers across MENA and Sub-Saharan Africa report topline growth, despite persistent or heightened economic challenges.
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NewsDWIC 2023: Takaful must rebrand itself as the ethical choice for all
Collaboration between takaful providers is essential if the niche industry is to achieve its potential
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NewsDWIC 2023: Plenty of cause for industry optimism
Despite choppy environmental, economic and geopolitical conditions, there are green shoots of opportunities for the industry
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NewsDWIC 2023: Time for emerging markets to shine
A dearth of cheap and plentiful reinsurance capacity could force emerging insurance markets to mature more rapidly
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NewsGCC markets retain stable outlook amid challenging headwinds
The rising cost of reinsurance, competitive pressures and growing impact of nat cat losses remain a challenge – AM Best
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NewsGCC insurers benefit from strong premium growth
S&P expects a modest uptick in earnings if insurers continue to reprice underperforming business
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NewsDavid Robinson appointed CEO of Optio Group
He was instrumental in establishing Optio Re MENA Ltd, which began trading February 2023
