Price Forbes has announced the building of its facultative capability in the Middle East and Africa (MEA) region with two senior appointments.
Governments in several countries, such as Japan, have released statements welcoming the Iran-US memorandum of understanding (MoU ), mentioning in particular, free and safe navigation through the Strait of Hormuz.
From a risk management perspective, the Iran-US MOU should be assessed beyond its immediate political implications. For the insurance industry, the key question is whether this framework creates sustainable regional stability or only provides a temporary reduction in uncertainty, according to Ms Ashwag Alzahrani, an actuary and co-founder of Saudi Arabia's Risk IQ Consulting.
Mr Chakib Abouzaid, the Secretary-General of the General Arab Insurance Federation (GAIF), made a statement on Iran and the US reaching agreement on a memorandum of understanding to end the Middle East war.
The peace deal between Iran and the US is described as "genuinely significant" by EDME Insurance Brokers' Managing Director - Reinsurance & Global Head of Natural Resources, Mr Kunal Khann.
Iran and the US have agreed on a memorandum of understanding (MoU) to end the armed conflict which broke out between them on 28 February.
The security situation for the shipping industry remains volatile, even after the reported peace deal between the US and Iran, according to BIMCO, the world's largest direct-membership organisation for shipowners, charterers, shipbrokers and agents.
The Middle East war has added volatility, in particular, to specialty lines' 2026 earnings, according to S&P Global Ratings (S&P).
Aon has announced the appointment of Mr José María Navas as Chief Claims Officer for EMEA.
The Fidelis Partnership (TFP) has launched the TFP PVT Consortium to deploy meaningful new capacity into the War, Terror and Political Violence (WTPV) market at a time of heightened global demand and significant market dislocation resulting from the Middle East conflict.