Specialty MGA Africa & Middle East has appointed Ms Laila El Bahtouri as treaty senior underwriter and Mr Mohamed Bader Bouananir as senior underwriter for specialty lines.
Businesses have ranked political risks and violence as a top 10 global risk for the past three years, according to the "Allianz Risk Barometer 2025" demonstrating that it has become a key concern for companies of all sizes. According to a new report from Allianz Commercial, civil unrest ranks as the biggest concern for more than 50% of company respondents globally, reflecting the fact that incidents are increasing and lasting for longer.
Africa Specialty Risks (ASR) has appointed Mr Trevor Oates as head of reinsurance.
Managing general agents (MGAs) have to adapt to the increasing focus on environmental, social and governance (ESG) in the aviation and energy insurance segments in the Middle East, as in the wider insurance market.
AM Best has assessed Kay International AMEA's MGA operations (United Arab Emirates) as 'PA-3' (Strong) with a 'Stable' outlook.
Gulf Insurance Group (GIG) has announced a net profit of KWD25.9m ($84m) for the financial year ended 31 December 2024, an increase of 22% compared to a net profit of KWD21.2m in 2023.
Solidarity Bahrain's successful pursuit of an inorganic growth strategy has strengthened the group's position as the number one insurance provider in Bahrain and marks a step towards growing an international business. This statement appears in Solidarity's 2024 annual report released last week.
The maritime security landscape in the Middle East has entered a new phase of volatility, with amplified risks for commercial vessels operating in arterial shipping lanes.
To accommodate rising demand, capacity in the structured credit and political risk (SCPR) insurance market has grown, with more insurers capable of writing long-term risks than ever before, says Gallagher, one of the world's leading insurance brokerage, risk management and consulting firms.
ATOM Insurance, part of the else Group, a leading provider of end-to-end insurance platform solutions, has announced a strategic partnership with Datafolio, which engages in data-driven shared-mobility insurance technology.