Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
Manulife has appointed Mr Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth.
Swiss Re has announced the appointment of Mr Damien Bartlett as Head of Market Unit Life and Health for Middle East and Africa, effective 1 November 2026; and the promotion of Ms Karen Tan to the role of CUO for L&H Re, effective 1 October 2026.
Gallagher has promoted Mr Andy Winwood to the role of Senior Executive Officer for the Middle East and Africa, subject to regulatory approval.
AXA XL, the P&C and specialty risk division of Paris-headquartered AXA Group, has reported a EUR100m ($115.4m) loss related to the Middle East for the first half of this year.
The Lloyd's Market Association (LMA) has published a new model wording for use by marine (hull) underwriters, addressing the position where a transit fee, toll or other charge is paid for a vessel to pass through Iranian territorial waters or otherwise to transit the Strait of Hormuz.
MNK International has appointed Mr William Wakeham as Managing Director of its new international energy division. The new division will focus on selected markets across Africa and the Middle East, alongside other territories, and work with insureds, local brokers and cedants.
Composite insurance rates in the second quarter decreased 16% in the India, Middle East, and Africa (IMEA) region, the biggest fall across all regions analysed, according to Marsh, the global leading insurance broker.
Saudi Arabia-flagged, owned or operated vessels, vessels en route to or from Saudi Arabia and the Kingdom's Red Sea ports are assessed at high risk of a Houthi attack, according to Ambrey Analytics.
Liberty Mutual Insurance has promoted Mr Gareth Rees to the role of Global Lines Leader for its Global Transaction Solutions (GTS) business.