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.
Gallagher, the global insurance brokerage, risk management and consulting firm, has increased its investment in ACE Gallagher Holding, one of the largest and most established insurance broking firms in the Middle East & Africa (MEA). The firm is majority owned by MIG Holding and this agreement will see Gallagher increase its share from 30% to 49%.
From a very short-term perspective, conflicts such as the one in the Middle East can certainly trigger corrections. But from a longer-term perspective, what we are seeing is a full-fledged technological revolution. We risk becoming overly cautious.
Marine hull war, marine cargo war and political violence business are seeing "extreme" stress levels, driven by vessel attacks, energy facility and property attacks, premium spikes and growing uncertainty around claims development., says Howden Re Business Intelligence.
Munich Re has announced the retirement of Mr Daniel Cossette, who has decided to conclude his tenure after 19 years. He is succeeded by Mr Gavin Maistry as Chief Executive for Life and Health APAC and MEA.
Rising geopolitical tensions have increasingly affected insurance markets across the GCC, driving stronger demand for specialty insurance products such as war-risk, marine, political risk, and cyber insurance, according to Dubai-based investment banking advisory firm Alpen Capital.
GCC insurers entered the ongoing regional geopolitical escalation from a position of relative strength, with 1Q2026 results continuing to reflect strong premium growth and profitability across most markets, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
OdysseyRe has announced the appointments of Ms Anne-Claire Serres and Mr Tegwen Gromellon as Co-Chief Underwriting Officers of its EMEA division, effective 1 July.