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Middle East tag returned 404 results

  • Middle East: Cairo scored highest among 10 cities studied on ability to handle climate risk

    Cairo is perceived as the most equipped to handle climate risks among 10 cities surveyed, with over a third of respondents (37%) rating it as "very prepared", according to a new report by Economist Impact.

    Middle East | 24 Oct 2024
  • Middle East: Sustainable bond issuance slows despite continued bond market issuance

    Sustainable bond issuance in the Middle East is down from the same period a year earlier, and could require acceleration in implementing net zero polices to really take off, despite government initiatives and increasing alignment with sustainability strategies, or even regulatory requirement, according to a report released yesterday by S&P Global Ratings.

    Middle East | 16 Oct 2024
  • Middle East: AMAN Union signs insurance training agreement with RISC Institute DMCC

    Saudi Arabia-based AMAN Union, the leading professional forum for commercial and non-commercial risk insurers and reinsurers, has signed a corporate training services agreement with UAE-based RISC Institute DMCC, a regional training institution specialising in talent development for the insurance, risk management, personal finance sectors.

    Middle East | 14 Oct 2024
  • Middle East: MGAs grow at pace

    In the Middle East, there is a highly active MGA market in Dubai in the UAE, through the Dubai International Financial Centre (DIFC), where MGAs are playing a key role in the growth of the wider insurance market in the region, according to Global Insurance Law Connect (GILC), a network of specialist insurance law firms.

    Middle East | 10 Oct 2024
  • Prolonged Israel-Hezbollah conflict could persist into 2025

    The conflict escalation between Israel and Hezbollah, following the death of Hezbollah leader Hassan Nasrallah, alongside Israel's military action in Lebanese territory, have severely weakened the recovery prospects of Lebanon's already fragile economy and political landscape, says S&P Global Ratings (S&P).

    Middle East | 06 Oct 2024
  • MEA: ASR Re expected to see improved financial results in 2024

    ASR Re's financial performance is expected to improve in 2024 on business growth and fewer large losses, says Fitch Ratings.

    Middle East | 25 Sep 2024
  • MEA: The Fidelis Partnership to broaden reach in the region

    Bermuda-based The Fidelis Partnership (TFP) has announced that it would broaden its reach in the Middle East, Africa, Asia, and Latin America, all of which have increasing demand for specialist (re)insurance solutions, enhanced by Lloyd's licensing and TFP's new Abu Dhabi office.

    Middle East | 25 Sep 2024
  • 11th Middle East Insurance Industry Awards finalists revealed

    The fierce competition whipped up around this year's Middle East Insurance Industry Awards has resulted in a list of finalists comprising a total of 55 insurers, brokers, risk managers, service providers and industry leaders.

    Middle East | 12 Sep 2024
  • Middle East: Regulations and tighter corporate governance drive insurance M&A activity

    The drive towards market consolidation and growth in the Middle East has been guided, in no small part, by continually enhancing regulation with a drive to implement more balanced, but also more detailed corporate governance, said global law firm Clyde &Co.

    Middle East | 10 Sep 2024
  • Lebanon: Arab Re's overseas investments make balance sheet more resilient

    Arab Reinsurance Company (Arab Re) held over 65% of its investments outside Lebanon at the end of 2023. This has made its balance sheet more resilient to asset-side stress tests, including full impairment of Lebanon-based assets, says AM Best.

    Middle East | 01 Sep 2024