Liberty Mutual Insurance has promoted Mr Gareth Rees to the role of Global Lines Leader for its Global Transaction Solutions (GTS) business.
Allianz Partners has promoted Mr Carsten Staat to the role of Regional Managing Director for MEA, effective 1 August 2026.
AI12, a specialist (re)insurance broker, has appointed Mr Alfie Langley as Head of Cyber.
The Middle East conflict that dominated the first half of 2026 represents the fourth major supply shock to the global economy in the past six years, according to Swiss Re Institute's (SRI) latest sigma report ,"World insurance in 2026: Shock absorbers in a fragmenting world", released yesterday.
The Arab War Risks Insurance Syndicate (AWRIS) delivered strong financial performance for 2025, with net premiums rising by 22.4% and net profit increasing by 20.6% compared with the previous year.
Aon has appointed Mr Mike Reid as EMEA CEO of Facultative Reinsurance, effective 1 July 2026.
The conflict in the Middle East and the blocking of the Strait of Hormuz have resulted in significant damage to vessels, cargo and port infrastructure in the region, says Allianz Commercial.
A resumption of military confrontation in the Middle East could dampen consumer sentiment and slow growth in the UAE, which might hinder insurers' growth prospects in 2026, said S&P Global Ratings (S&P).
A new Lloyd's market consortium designed to provide additional marine war risk insurance capacity for vessels and cargo transiting the Strait of Hormuz was launched last week.
Price Forbes has announced the building of its facultative capability in the Middle East and Africa (MEA) region with two senior appointments.