The London market and global specialty insurers are considered to be the most directly exposed to the armd conflict in the Middle East through marine or aviation war, political violence, trade credit and energy lines, Fitch Ratings said.
QBE Re has appointed Mr Tanaka Soichiro as Head of Southeast Asia. In this newly created role, he will lead underwriting strategy for Southeast Asia, overseeing portfolio management and growth opportunities as the reinsurer continues to expand in Asia.
Price Forbes Singapore has announced the appointments of Mr Bruce Ford, Ms Florence Lam, Mr Goh Thian Leong and Mr Mark Foster to its newly formed treaty reinsurance team.
The global outlook is extremely worrying, with the bond and equity markets reacting to recent events, said Mr Paul Hanratty, the Group CEO & Executive Director of Africa's largest insurer, Sanlam, which is headquartered in Capetown.
Sanlam Morocco and Allianz Morocco have determined the terms of their merger, following meetings of their boards of directors held on 11 and 12 March 2026, respectively.
The size of Korea's exposure to marine insurance risk has been estimated at around KRW1.7tn ($1.14tn), according to data submitted by the Financial Supervisory Service (FSS) to a legislator, amidst concern arising from the closure of the Strait of Hormuz as a result of the Middle East war.
Zurich-based reinsurer Echo Re will soon open a reinsurance branch office in Gujarat International Finance Tec-City (GIFT City) to strengthen its decade old presence in India. The company received the approval from the International Financial Services Centres Authority (IFSCA) of India on 12 March 2026 to open its branch office.
Nigerian insurance companies will be affected by the ongoing Middle East hostilities in their next reinsurance renewal period, National Insurance Commission (NAICOM) head Mr Ayo Olusegun Omosehin, has said.
Aon has appointed Mr Tom Langley-Poole and Mr Uday Tank as brokers in the Reinsurance Solutions Credit and Financial Risks team.