News Middle East22 Nov 2021

Middle East:Reinsurers' lack of fervour for property risks pushes up prices

| 22 Nov 2021

As a result of events such as fires, COVID-19, the impact of low prices, and the global tightening of markets, several reinsurers began to exit the Middle East, reduced capacity in the region, introduced strict guidelines on risk classification, engaged in coinsurance and shared with local insurers, notes Mr Saad Eddine M. Dimachkie, CEO, Middle East Region, of SIACI Insurance Brokers which is part of the global insurance broking group SIACI Saint Honore.

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