Middle East
Iranian firms ready to fill oil cover void, says regulator
Iranian insurance companies are ready to offer cover to allow foreign tankers to continue shipping oil after a European Union ban comes into effect next month, the semi-official Fars news agency reported on Tuesday.
Insurers starting to embrace change but still a way to go, says PwC
PwC's global insurance leader outlined what successful insurers of the future could look like, and discussed the forces re-shaping the insurance sector, when he spoke at the 2012 International Insurance Society Seminar in Rio de Janeiro today.
ADNIC expands in Abu Dhabi
Abu Dhabi National Insurance Company has opened its latest branch in Abu Dhabi. Located on Salam Street, it is fully operational from today and will cater for all customers’ needs in the Emirate and Western region.
Aon named risk management and insurance advisor to ISS
Facility services provider ISS has appointed Aon Risk Solutions to provide global risk management services and insurance advice.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
Resource provides global view of health insurance for low-income families
A new resource capturing more than 100 health insurance programmes designed for low-income populations in developing countries has been launched.
Japan's lower house passes Iranian oil tanker bill
Japan took a major step towards circumventing the imminent EU sanctions against Iranian oil on Friday after its lower house passed a bill to provide government guarantees on insurance for Iranian crude cargoes, Reuters reported.
Oman Insurance signs bancassurance deal with CBI
The Oman Insurance Company has signed a deal with Commercial Bank International to provide a range of insurance products.
FM Global targets Asian expansion
FM Global wants to grow its presence in Asia as increasing numbers of its clients invest in emerging economies, according to the firm's head of Northern Europe Stefano Tranquillo.
Middle East guest blog: Oops! Am I insured?
Recently I came across a very interesting blog on medical insurance. The main point the blogger wanted to drive home is that one shouldn’t purchase insurance after a loss happens.
Japan to allow sovereign guarantees for tankers
Japan's cabinet plans to approve a bill giving sovereign guarantees for the nation’s oil tankers, circumventing sanctions aimed at stalling Iran's nuclear programme, according to Bloomberg.
RSA fills Asia and Middle East legal role with ex-Fortis Bank GC
General insurer RSA has appointed Christina Tham as legal, risk and compliance director for the Asia and Middle East region.
Vijay Raghaven promoted to CEO of Ace Arabia
Ace Group today made several appointments to its Middle East and North Africa team.
Willis Re appoints Angelini-Hurll to newly created role
Willis Re has appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
Willis Re appoints regional director for APAC and ME
The reinsurance arm of broker Willis Group today appointed Kieran Angelini-Hurll as regional director of its Indian Sub-Continent, Middle East, North Africa and Turkey operations.
Terrorism and civil unrest: Risky business
With several parts of the world engulfed by violence and civil unrest, is traditional terrorism and political risk cover increasingly irrelevant?
GCC insurance expected to outperform GDP in near term
The Qatar Financial Centre Authority launched its first Gulf Cooperation Council insurance barometer at the 29th Global Arab Insurance Federation Conference in Marrakech today.
Countdown to ISA: Is the renminbi the new dollar?
As the valuation of the Chinese renminbi has an impact on the global currency markets, Andrew Leung looks at Chinese monetary policy and the Global Reserve Currency System in a global context.
Marsh forms public agency team for political and credit risks
Broker Marsh has formed a global public agency team comprised of senior specialists within its political risk and trade credit practice to assist clients in procuring public insurance coverage.
JLT responds to market demand with cyber product
JLT Specialty has launched an intangible and cyber exposure service in response to market demand.
EU considering impact on trade of Iranian oil insurance ban
Britain and France are studying a proposed European Union ban on insuring tankers carrying Iranian oil to see how severe an impact it would have on trade with non-EU countries, Reuters reported.
RSA makes senior appointments in Middle East
General insurer RSA has made a number of senior appointments to its team in the United Arab Emirates.
Japan and South Korea petition EU for Iran sanctions exemption
South Korea and Japan are asking the European Union to allow access to European insurance for Iranian oil shipments even after a 1 July embargo comes into effect, according to Al Arabiya news.
Cloud adoption may be hampered by poor risk assessment
Organisations' decisions about adopting cloud computing must be made with a full view of the risks involved, according to Marsh.