Middle East
Globaleye recruits new MD from Noor Takaful
International wealth management company Globaleye has appointed Jawaid Tabassum as general manager for its general insurance and employee benefits department in the United Arab Emirates.
Talbot appoints new MENA CEO
Talbot Underwriting MENA, formally known as Underwriting Risk Services (Middle East), has appointed Matthew Warren as chief executive.
Talbot appoints Warren CEO for MENA
Talbot Underwriting has appointed Matthew Warren as chief executive of Talbot Underwriting (MENA), formally known as Underwriting Risk Services (Middle East).
Zurich relocates Dubai office
Zurich Insurance Group has relocated its Dubai General Insurance offices to accommodate growing operations in the United Arab Emirates and increase convenience for customers and partners.
GWP of global non-life insurance to reach $2,500bn by 2017
The global non-life insurance industry saw moderate growth during 2006-2011 and the growth momentum is expected to continue, reaching an estimated $2,500bn in 2017 with a CAGR of 4.2% over the next five years, according to Lucintel.
Fringe markets to drive takaful gross contributions to $12bn
Global takaful contributions grew by 19% to $8.3bn in 2010, according to Ernst & Young's World Takaful Report 2012.
Iran insuring oil tankers as sanctions bite
Iran is insuring tankers transporting its oil to buyers at a cost of millions of dollars per delivery, according to reports.
Red 24 to brief CNA clients on kidnap risk
US commercial insurer CNA has appointed crisis response firm Red 24 to provide advice and response for kidnap, ransom and extortion.
General Arabia Insurance assigned 'B+' financial strength rating
Jordan-based General Arabia Insurance Company has been assigned a 'B+' financial strength rating and 'BBB-' issuer credit rating by AM Best.
Nexus sees young Bahrainis as key to insurance growth
Independent broker Nexus is trying to recruit young Bahrainis, to encourage greater insurance participation in the region.
State-backed cover for Iran shipments likely, says Chinese shipping group
Government-backed insurance coverage for oil shipments from Iran is highly likely, according to China's largest sea-cargo carrier.
S&P affirms Dhaman's 'AA' credit rating
Standard & Poor's has affirmed its 'AA' counterparty credit rating for the Kuwait-based Arab Investment and Export Credit Guarantee Corp.
Insurance Insight – top 10 stories
The top 10 most popular articles published on insuranceinsight.eu over the past seven days.
State-provided cover needed to insure China's crude supplies
Tankers carrying Iranian oil will not be fully covered by Hong Kong marine insurers after EU sanctions take effect from July, an industry official told Reuters.
China's P&I club halts cover over Iran sanctions
A major Chinese ship insurer will halt indemnity cover for tankers carrying Iranian oil from July, dealing a blow that narrows the insurance options for Tehran's main export already constricted by payment barriers caused by Western sanctions.
Kidnapping now multi-billion dollar industry
Kidnaping for ransom has become a multi-billion dollar global phenomenon and is occurring more frequently in locations across the globe, according to a report by crisis assistance company, Red 24.
Takaful Emerat launches manual labourers' heath product
Life and health provider Takaful Emerat has created a shariah-compliant corporate health plan for low income workers.
Willis appoints new CEO for Japan retail
Willis Group has appointed Yoshihide Enomoto as president and chief executive of its retail brokerage business in Japan.
Middle East and Asia energy markets buoyed by excess capacity
Competition and excess capacity continued to strengthen the market for energy insurance buyers in Asia and the Middle East in the first quarter, according to a Marsh energy report.
SEIB launches multi-risk product for SMEs
Qatari firm SEIB Insurance and Reinsurance has launched a specialist product for SMEs.
QFC appoints new non-execs
The Qatar Financial Authority has appointed Jacques Aigrain and Arbab Banerji as new non-executive directors.
Charnaud apppointed chairman of Marsh's infrastructure practice
Marsh has named Edwin Charnaud as chairman of its Global Infrastructure Practice.
MENA insurance market needs less fragmentation
The future of the Middle East and North Africa insurance market remains bright, but local insurance companies must transition from fragmented companies to become national champions, according to a survey.
Iran sanctions have unintended consequences
Economic sanctions against Iran are an important part of European Union and US attempts to force the country to curb its nuclear programme. But, as Francesca Nyman reports, increasing concern has been voiced in recent months that measures aimed at the…