MIDDLE EAST IN FOCUS
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NewsUAE insurers show strength amid storms and structural shifts – AM Best
Insurers in the UAE show signs of resilience following last year’s record rainfall, according to a new report from rating agency AM Best.
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NewsRokstone appoints Hussey to lead DIFC office
Giles Hussey joins the international specialty re/insurance MGA in Dubai from his previous role at reinsurance broker Guy Carpenter.
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NewsDavies opens Qatar office to grow Middle East footprint
Ricky Maloney, who serves as Qatar country executive and head of the GCC region, will lead the office.
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NewsEl Bahtouri and Bouanani join Specialty MGA in Casablanca
Laila El Bahtouri and Mohamed Bader Bouanani join the Middle East and African focused MGA from Moroccan reinsurer SCR.
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NewsMazhar returns to lead Chubb Arabia as CEO
New regional chief exec for Chubb’s business in the Kingdom of Saudi Arabia.
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NewsBouabane named Salama group CEO
Dubai insurer Salama’s new chief executive was previously CEO of AIG’s GCC and North Africa operations.
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NewsDWIC speaker preview: Crisis management lessons with WTW’s Thomson-Hall
At next month’s Dubai World Insurance Congress (DWIC) 2025 event in Dubai, speaker Pamela Thomson-Hall, CEO, international, WTW, will share insights on managing geopolitical risk crises.
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NewsMENA re/insurers’ ratings trending ‘positive’ despite regional challenges – AM Best
Despite country risk and the Middle East and North Africa region’s challenging regional geopolitical conditions, the rating agency says re/insurers’ creditworthiness is net positive.
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NewsDigital Transformation: A Middle Eastern Opportunity – Verisk
Verisk’s Tim Rayner spoke to GR on challenges of navigating technological changes in a complex marketplace, and opportunities in the UAE and Saudi Arabia.
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NewsMunich Re appoints Hanh P&C treaty head for India & SE Asia
Hanh Nguyen will succeed Joachim Zagrosek from 1 March after serving as deputy.
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NewsHiscox, Howden, Swiss Re and Insurance Development Forum launch $9.25m Syrian drought partnership
Re/insurance firms working together on climate risk insurance project to protect vulnerable communities from the impacts of drought in Syria.
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NewsInsurance House Appoints Abu Quora as new CEO
Abu Dhabi-based subsidiary of Finance House Group has appointed of Mohammad Alamin Abu Quora as its new chief executive with the aim “to drive strategic growth”.
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NewsMS Amlin expands DIFC presence with MENA credit and political risk launch
Lloyd’s speciality insurer expands Dubai operations with hire of Osama Elshiekh from The Hartford.
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NewsASR launches first Africa focused Lloyd’s consortium
Baobab will work across political risk, trade credit, political violence & terrorism, property, energy, construction and liability lines.
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NewsASR Middle East starts operating via Lloyd’s Dubai
Africa Specialty Risks Syndicate 2454 is operating through its service company in the Dubai International Financial Centre.
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NewsSaudi Re highlights impact of local market reinsurance premium cession
The Saudi regulator’s regime for local market reinsurance premium cession takes effect from 1 January 2025, affecting at least 30% of all reinsurance treaties and facultative risks, Saudi Re noted in remarks published on the country’s stock exchange website.
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NewsSaudi Vision 2030 & GHE 2024: where the tech revolution and health re/insurance meet
Editor of GR, David Benyon, reflects on health technology trends for re/insuring the sector, from a recent trip to Saudi Arabia, attending GHE 2024.
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NewsEXPANDING HORIZONS: RVS Global Executive Breakfast Roundtable 2024
As its role as a leading reinsurance market hub continues to evolve, what’s next for the DIFC? And what can the experiences of other reinsurance hubs around the globe teach us? Our breakfast discussion at Monte Carlo’s Rendez-Vous de Septembre 2024 sought to find out.
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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).
