IGI aims to become go-to contingency market for Middle East regionInternational General Insurance Holdings (IGI) has targeted major growth in its recently-launched contingency portfolio in the year ahead on the back of “extreme dislocation” in the class.
Willis Re launches flood model for the MENA regionWillis Re has launched a first-of-its-kind flood model for the Middle East and North Africa (MENA) region, enabling (re)insurers to quantify their flood risk.
GRS hires Pittman to lead new UAE officeGlobal Risk Solutions (GRS) has appointed Jim Pittman as regional director, Middle East, to lead the company’s new office in Dubai.
HDI Global hires WTW’s Ong to head up claims in SingaporeHDI Global SE has named Raymond Ong to lead its claims operations in Singapore.
Oman Insurance receives Lloyd’s approval for first SIAB in Gulf Cooperation CouncilOman Insurance Company has been granted in-principle approval by Lloyd’s to launch Syndicate 2880 under the Corporation’s syndicate-in-a-box initiative.
Tysers builds out Dubai operations with trio of hiresUp-for-sale London wholesaler Tysers has made three hires in its Dubai hub as it looks to meet the growing demand for insurance in the Middle East.
Oneglobal launches new Middle East operation with Warren as CEOOneglobal has appointed Matthew Warren as CEO of its new Middle East operations, as part of the company’s strategy to build out the business in the region.
Axa completes $269mn sale of Gulf insurance operationsAxa has completed the $269mn sale of its insurance operations in the Gulf region to Gulf Insurance Group (GIG).
Sturdy’s Abu Dhabi Re start-up hires former Qatar Re energy head Tejal Bartlett as CUONewly formed Abu Dhabi Reinsurance Company Ltd has appointed Tejal Bartlett as chief underwriting officer, with the former Qatar Re head of energy set to join the start-up next month ahead of its launch date of 1 January 2022.
WTW enters agreement to buy Israeli broker LeaderimWillis Towers Watson (WTW) has entered into an initial, non-binding agreement to acquire Leaderim, an insurance broking and consultancy business in Israel with a team of 45 professionals.
Insurers pay out less than 10% of claims one year after Beirut blastOne year on from the devastating explosion in the Lebanese capital Beirut and only 10 percent of claims stemming from the blast have been paid out of the estimated total insured loss of $1.1bn.
Aon shakes up EMEA leadership as Cullen exitsAon has handed Eduardo Dávila responsibility for its commercial risk, health and affinity unit in Europe, Middle East and Africa (EMEA) following the exit of CEO John Cullen.
Marsh launches Saudi Arabia engineering hubMarsh has launched an engineering hub in Al Khobar, Saudi Arabia, led by Nick Holland.
Willis Re hires UIB’s Kassali as MENA regional directorWillis Re has brought in Chems-Eddine Kassali from United Insurance Brokers (UIB) as its new regional director, Middle East and North Africa (MENA).
Unrated Trust Re names Albaharna CEO in latest management shake-upBahrain-based Trust International Insurance & Reinsurance Company (Trust Re) has appointed Yassir Albaharna as managing director and group CEO.
Gallagher takes minority stake in MENA broker AceArthur J Gallagher has agreed a strategic partnership with MIG Holding that will see the company acquire a minority interest in Middle East and North Africa specialist broker Ace.
Beirut blast insured losses total $1.1bn: Lebanese insurance regulatorClaims stemming from the devastating blast in the Lebanese capital Beirut in August last year stand at close to $1.1bn, the country’s insurance regulator has said.
Zurich names Seach as EMEA CUOZurich has appointed Penny Seach as CUO for Europe, Middle East and Africa.
Echo Re's Haenzi departsZurich-based Echo Re has announced that Denis Haenzi is set to retire from the carrier after a decade with the firm.
AM Best places GIG under review following Axa dealAM Best has placed the ratings of Gulf Insurance Group (GIG) and its subsidiary Gulf Insurance and Reinsurance Company under review following the carrier’s acquisition of Axa’s insurance operations in the Gulf region.