Global insurance broking group Howden has launched a new cargo war risk facility to protect vessels from drone and missile strikes by Yemeni-based militia groups in the Red Sea.
Iran's unprecedented military action against Israel raises the risk of a sharp escalation in the conflict between Israel and Hamas, indicates S&P Global Ratings (S&P).
International InsurTech bolttech yesterday announced its expansion into the Middle East with the launch of its partnership with Riyadh-headquartered stc Group, a leading telecommunications company that drives digital transformation in the region.
NASCO Insurance Group (Nasco), a leading direct and reinsurance broker in the MENA region and DIOT-SIACI, the European leader in corporate insurance brokerage, have announced a global strategic alliance.
At its annual winter meeting in London, the International Union of Marine Insurance (IUMI), confirmed that the global marine insurance market is continuing to support trade in the Red Sea and the Ukraine/Black Sea area.
Composite insurance rates in the fourth quarter of 2023 increased 4% in the IMEA region (India, Middle East, and Africa), where rates for large and complex organisations are often driven or influenced by the reinsurance market, says the world's biggest insurance broker Marsh.
Al Futtaim Willis (AFW), and iO Health, an AI and healthcare digital innovation company, have signed a memorandum of understanding (MoU) to collaborate and bring transformative healthcare solutions to all AFW clients in the region using the iO Health intelligent care journey platform.
War risk insurance premiums for shipments through the Red Sea are rising after further attacks on merchant vessels by Yemen's Houthi movement and the expectation that ships with a UK or US connection will be targeted, reported Reuters yesterday citing insurance sources.
Max Life Insurance, headquartered in Gurgaon in northern India, has opened its first representative office in the Middle East.
The effects of climate change are becoming increasingly evident, and so too is the direct and indirect impact on construction and its re/insurance across the Middle East, according to the global law firm Clyde & Co.