The Middle East and Africa (MEA) were among the emerging insurance markets (excluding China) that exhibited above-trend growth in 2024, according to Swiss Re Institute (SRI) in a report on global insurance developments.
Proportional treaties continued to dominate the property reinsurance market in the Middle East during the 1 July renewal season, according to broker Gallagher Re.
Paris-headquartered Global trade credit risk management company, Coface, has announced the closing of its acquisition of Cedar Rose Group, an information services provider in the Middle East.
The adoption of deal insurance continues to accelerate as acquirers (and vendors) race to offset risk in an increasingly uncertain dealmaking environment, according to a survey commissioned by the global law firm Norton Rose Fulbright.
Employees in the Middle East are worried about their health, with half of respondents to a survey saying that they feel stressed in everyday life.
The risk of regional escalation in the Israel-Iran war includes the risk that the conflict poses one of the most critical arteries of global commerce: the Strait of Hormuz.
Middle East and Africa (MEA) registered modest growth in the wealth of high-net-worth individuals (HNWI) in 2024, gaining 0.9% and 4.7% respectively, according to Capgemini Research Institute's "World Wealth Report 2025 - Sail The Great Wealth Transfer".
The energy sector in the Middle East is balancing historic dominance in fossil fuels with the shift to renewable clean energy, said the global head of downstream broking, Natural Resources, at WTW, Mr Andrew Brunero, in a report.
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).