Read the latest edition of AIR and MEIR as an Interactive e-book

Feb 2023


Mixed feelings for reinsurance renewals in the Middle East

The Middle East has yet to follow other regions to meet similar levels of reinsurance hardening amid eroding capital. Middle East Insurance Review looks at potential renewal trends this year.

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Reinsurers to see strong underwriting margins in 2023

The global industry saw reinsurers gain the upper hand during the 1/1 renewals. Property and specialty lines entered a hard market, catastrophe prices remained high and, combined with rising inflation and interest rates, will lead to an overall improvement in underwriting margins for reinsurers.

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Reinsurance business faces restructuring amid hardening market

The hardening in the reinsurance market is expected to be reflected on the whole supply chain with reinsurers seeing positive returns and direct players facing a new reality that requires them to restructure their programmes and revisit their underwriting strategies. Saudi Re’s Messrs Fahad Al-Hesni and Ahmad Al-Qarishi highlight the trends seen in 1 January renewals and explain the implications on the industry.

Middle East reinsurance market turns

Given the unprecedented state of the global economy, tough discussions were expected going into the 1 January 2023 renewals. Gallagher Re’s Mr Chems-Eddine Kassali looks at how the recent renewals went and outlines some expectations for the next round later in the year.

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Reinsurance market renewals outlook

IGI’s Mr Henri Labat looks at some of the main trends affecting reinsurance in the Middle East and details what the industry might expect during renewals this year.

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