Middle East
Profitable growth still possible, says Guy Carpenter
Reinsurers should still be targeting profitable growth, despite challenging market conditions, broker Guy Carpenter said in a Monte Carlo press briefing on Sunday.
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
BlackRock recruits Leidtke for FIG role
BlackRock has appointed Patrick Liedtke, pictured, to lead its Financial Institutions Group in Europe, the Middle East and Africa.
Geneva Association's Liedtke named as Blackrock EMEA head
Risk management organisation Blackrock has appointed Patrick Liedtke, outgoing secretary general and managing director of the Geneva Association, to lead its financial institutions group in Europe, the Middle East and Africa.
Monte Carlo preview: The calm after the storm
With 2011 rocked by political uprisings and catastrophes, delegates at the Monte Carlo Rendez-vous had much to discuss. However, a year later, with the market beginning to settle, what will be on the agenda?
Aspen recruits five MDs in management restructure
Aspen Re has appointed five new regional managing directors and three global product leaders as part of a management reshuffle.
Dubai Group sells Turkish non-life insurer
Dubai Group has sold its Turkish insurance arm to a company owned by former AIG chief executive Maurice 'Hank' Greenberg and a unit of Dubai lender Mashreq Bank.
Charles Taylor sets timetable to boost international adjusting proposition
Charles Taylor Company has confirmed plans to enter the Latin America loss adjusting market before the end of 2012, just weeks after buying a majority stake in Saudi Arabia claims handling business Noble Inspection and Loss Adjusting.
Global warming to lead to stronger tropical cyclones
Scientists predict that global warming is likely to lead to stronger tropical cyclones, but that the overall global frequency of tropical storms and hurricanes is likely to decrease.
Iran offers fully insured ships to would-be crude buyers
The National Iranian Oil Company has offered India the use of fully insured Iranian vessels to use when importing Iranian oil, according to reports.
Swiss Re unveils new Middle East and Africa boss O'Neill
Swiss Re has appointed Frank O'Neill as market executive for the company's reinsurance operations in the Middle East & Africa region, effective 1 January 2013.
Oman Insurance outlook revised to stable after 'robust underwriting'
The Oman Insurance Company PSC (United Arab Emirates) has had its outlook revised from negative to stable after a robust underwriting performance.
Middle East Insurance Company achieves rating of 'B++'
Middle East Insurance Company has had its financial strength rating of B++ (Good) and the issuer credit rating of “bbb”, with stable outlooks.
Ambiental joins forces with Aon-Benfield on flood mapping
Aon-Benfield has collaboration with Ambiental to enhance its flood model development capabilities.
Zurich sees decline in European GI profit as pension and commission expenses bite
Zurich Insurance has reported a business operating profit of $2.5bn for the six months ended 30 June 2012, up 17% on 2011.
Pannone wins Aria Assistance legal services tender
Aria Assistance, the newly launched independent firm that evolved from the management buy out of Europ Assistance, has appointed Pannone Affinity Solutions to provide legal advice and services support.
Middle East Blog: Rated or not rated? What is the question?
On a recent visit back home to Malta I was kindly invited to the Malta Insurance Institute's annual general meeting where I had to sing for my supper.
Charles Taylor buys majority stake in Saudi Arabian loss adjuster
Charles Taylor has acquired a majority stake in the Noble Inspection and Loss Adjustment Company in a bid to develop its Middle East footprint.
South Korea poised to resume loading Iranian crude
South Korea and the National Iranian Tanker Company are rumoured to be close to a deal that could see the Asian nation resume the loading of Iranian crude before the end of September.
Oman consults Malaysia over draft Takaful rules
UK law firm Clifford Chance has submitted draft proposals for legislation to cover Takaful in the Sultanate of Oman.
Ace looks to strengthen travel business with internal promotions
Ace Group has made three changes to the travel team serving EMEA as the firm continues to build business across the region.
US tightens economic sanctions against Iran
The US Congress has passed a new package of economic sanctions against Iran, Reuters reported.
Iran expands tanker insurance in face of sanctions
Iran has promised to insure shipments of its oil to include Iranian and foreign tankers in the latest bid to circumvent insurance sanctions, AFP reported on Saturday.
Harrison takes EMEA role at Towers Watson
Global professional services company Towers Watson has appointed Keith Harrison to head up its reinsurance brokerage business in the Europe, Middle East and Africa region, following the appointment of his predecessor, Ross Howard, as global leader of its…