The Middle East can learn lessons from more mature insurance markets but needs to focus on strengthening its domestic talent pool, according to Enrico Bertagna.
Piracy on the world's seas has reached a five-year low, with 297 ships attacked in 2012, compared with 439 in 2011, the International Chamber of Commerce International Maritime Bureauglobal piracy report revealed today.
RSA has been granted permission to operate in the Dubai International Financial Centre, starting on 18 November.
The outlook for reinsurance markets in the Gulf region remains positive, according to the third Gulf Cooperation Council Reinsurance Barometer published today.
On 24 August AM Best changed Oman Insurance Co's 'A' (Excellent) rating from negative to stable and evoked a personal, positive sentiment.
The Oman Insurance Company PSC (United Arab Emirates) has had its outlook revised from negative to stable after a robust underwriting performance.
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
Talanx subsidiary HDI-Gerling Industrie Versicherung AG is opening a branch in Bahrain.
Chartis, the property and casualty arm of American International Group, has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis.
UAE-based Oman Insurance Company has formed an agreement with National Bank of Fujairah which will see the bank distribute insurance solutions on the insurer's behalf.
Having recently relocated from Qatar back to Dubai I had the unenviable task of sorting through the various insurance and risk related books and papers I accumulated over the years.
The Oman Insurance Company has signed a deal with Commercial Bank International to provide a range of insurance products.
Standard & Poor's has put Bahrain, Egypt, Jordan, Oman, and Tunisia on negative outlook, indicating a one-in-three chance it will lower their soverign ratings.
EAP Group will form a joint venture with Oman-based broker Risk Management Services LLC to capitalise on the growing insurance market in post-war Sri Lanka.
The Islamic Financial Services Board has admitted five new organisations into its membership.
Yesterday's 8.6 magnitude earthquake in Indonesia is not expected to cause significant insured losses, according to catastrophe modelling firm AIR Worldwide.
United Healthcare International is to offer international insurance coverage to employers with staff in the Middle East through an alliance with Dubai-based Al Sagr National Insurance Co.
General insurer Zurich has appointed Hayden Seach as head of segment for Middle Market & Corporate, Middle East.
Property and casualty insurer Chartis is increasing its focus on kidnap and ransom as it relaunches the specialist product for the Middle East market.
Protests and tensions in countries affected by the Arab Spring remain a concern for businesses operating in those nations, according to Aon’s 2012 Political Risk Map released today.
Haymarket Risk Management is expanding its maritime security division in response to the growing threat of piracy.
In earlier articles I have written that 2012 will be the year of reckoning following the 2008 financial crisis. Insurance is such that it takes time to unfold. Cyclicality is often blamed for the industry’s woes; and even more so in the Middle East…
Oman Insurance Company has appointed a new senior management team.
There is strong appetite among Omani consumers for Islamic finance with many keen to take it up as soon as it becomes available on the market, according to a study published by the Islamic Finance Advisory & Assurance Services.