International speciality (re)insurance MGA, Rokstone DIFC, has appointed Mr Giles Hussey as senior executive officer, subject to regulatory approval.
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.
AM Best has upgraded the Financial Strength Rating to 'B++' (Good) from 'B+' (Good) and the Long-Term Issuer Credit Rating to 'bbb' (Good) from 'bbb-' (Good) of Bahrain-based FAIR Oil & Energy Insurance Syndicate (FOEIS) with a 'Stable' credit rating outlook for both.
AM Best's ratings of (re)insurers in the Middle East and North Africa (MENA) have generally trended positively. This is despite challenging regional geopolitical conditions, says the global credit rating agency.
Liva Group, a leading insurance group operating across the GCC, and Relm Insurance -- a specialist insurer dedicated to emerging sectors -- yesterday signed a strategic partnership to empower innovation and entrepreneurship in emerging sectors such as digital assets, AI, biotech and the space economy.
To strengthen its regional leadership and global expansion, Qatar Insurance Group (QIC), the leading insurer in Qatar and the MENA region, has announced strategic investments in three InsurTech startups.
LINK Ltd, the Bermuda-based reinsurance broker has acquired a majority share in Al Afaq, a prominent reinsurance broker established and operating in the kingdom of Saudi Arabia.
In a recent report by Gulf Business, Zurich International Life Middle East CEO Mufazzal Kajiji, discussed the rapid evolution of the Middle East insurance sector and its promising future. Mr Kajiji highlighted the crucial role of customer centricity, digital transformation and regulatory advancements in shaping the trajectory of the industry.
The MEA region is poised for economic and (re)insurance market growth in 2025, driven by diversification efforts, infrastructure investments and rising demand for insurance and reinsurance solutions, according to a report released by Gallagher on the Middle East and Africa regional markets.
The Corporate Risk Management Institute - L'Académie de la Gouvernance et la Gestion des Risques (CRMI-A2GR), the educational arm of Chedid Capital, has formed a strategic partnership with MBS School of Business, a leading French business school. The collaboration is designed to address the unique risk challenges and economic dynamics of the Middle East and Africa (MEA) region by equipping decision-makers with the tools necessary to manage risk and drive effective governance.