Composite insurance rates in the first quarter of 2025 decreased by 4% in the India, Middle East and Africa (IMEA) region, where rates for large and complex organisations are often driven or influenced by the reinsurance market, according to the 'Global Insurance Market Index' report published by the world's biggest insurance broking group Marsh.
WTW, a leading global advisory, broking and solutions company, has announced a change in the ownership of its longstanding insurance broking joint venture, UAE-based Al-Futtaim Willis (AFW).
Total premiums in the Middle East and Pakistan (MEP) are expected to grow by 5.4% in real terms this year, after peaking at 8.7% in 2024, says a new report by global reinsurance giant Swiss Re.
Howden India has appointed Ms Mandira Gupta as managing director and head of M&A, IMEA. In her new role, she will lead Howden's strategic focus on private equity and transactional risk insurance solutions.
Despite strong regulatory frameworks and rising interest in digital solutions, resistance to change still exists, stemming from the use of, and familiarity with, outdated technologies and workflows.
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.