Middle East
EU foreign policy head confirms exemptions to Iran oil sanctions
Further details have emerged concerning the European Union's decision on Friday to allow some insurance for Iranian oil shipments heading for destinations outside the EU.
EU may allow limited coverage for Iranian oil shipments
Intense lobbying by South Korea and Japan has led the EU to relax its ban on insuring Iranian oil shipments, according to Reuters.
ISE 2012: Luzzi says firms must think in global terms
Opening the inaugural Insurance Strategy Europe event Jorge Luzzi, president of the Federation of European Risk Management Association and director of group risk management at Pirelli, told delegates that a global view is essential going forward.
Bahrain celebrates inaugural 'Insurance Day'
Industry specialists gathered for Bahrain's first annual 'Insurance Day' today in a bid to increase insurance awareness in the Kingdom.
Al-Futtaim launches UAE marine business
Al-Futtaim, the parent company of Arab Orient Insurance, has launched a marine services company.
Zurich Middle East appoints new head of middle market
General insurer Zurich has appointed Hayden Seach as head of segment for Middle Market & Corporate, Middle East.
Insurance Insight – top 10 stories
The 10 most read stories from www.insuranceinsight.eu over the past seven days.
Asian states lobby EU in hope of Iran oil sanctions U-turn
European Union foreign ministers are expected to consider how the bloc's Iranian oil embargo will affect insurers at a meeting in Brussels next week, under mounting pressure from Asian states to change their stance.
Aon extends power team with recruit from RK Harrison
Aon Risk Solutions has appointed Darren Marshall as power construction leader.
In Series Emerging Markets: Asia has the right ingredients
Asia has all the key elements for an emerging market, with a number of countries in a vast and diverse area at various stages of development. How can insurers crack this market?
EU may exempt liability insurers from Iran sanctions
The European Union is considering relaxing rules on indemnifying Iranian tankers, to allow insurers to provide cover for third-party and environmental liability.
Talbot and ADNIC cease UAE JV but remain committed to MENA
Talbot Underwriting, a wholly owned subsidiary of Validus Holdings, and Abu Dhabi National Insurance Company are to cease their joint venture business, Underwriting Risk Services (Middle East), which was established in the Dubai International Financial…
Ahmed takes up new Aon Benfield MENA CEO role
Aon Benfield has appointed Ahmed Rajab as CEO, Middle East and North Africa.
Aon Benfield has new Middle East chief
Aon Benfield has recruited Willis Re regional director Ahmed Rajab, pictured, to be chief executive, Middle East & North Africa.
Middle East guest blog: Pennywise pound foolish in health insurance?
It is not economically feasible for corporate clients to purchase insurance for 'pound-swapping' layers.
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
Christchurch one year on: a forgotten city?
A year on from the earthquakes in New Zealand, while the Christchurch disasters may be slipping out of public consciousness, the work to rebuild the city continues.
Generali sells 69.1% of Israeli Migdal for €835m
The Generali Group has agreed to sell its entire 69.1% holding in Migdal Insurance and Financial Holdings to Shlomo Eliahu, founder and controlling shareholder of the Israeli financial Group Eliahu.
In Series Emerging Markets: The importance of being experts
Despite the political upheavals in the Middle East and North Africa, the thirst for self-development and raised standards has continued unabated.
In Series: Emerging Markets - MENA means business
Despite growing competition in the Middle East and North Africa from local providers, there are still opportunities for foreign insurers in the market
Post magazine – 8 March 2012
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Thomas charged with maximising Willis' $40bn global premium
Willis Group has appointed David Thomas as director of strategy and transformation within its global businesses division.
Insurers could do more to help space operators, says JLT
Space operators need the insurance community to step up and offer better solutions, according to Peter Elson, global head of space at broker JLT Specialty.
QBE launches new motor products in Dubai
Business insurance specialist QBE has started offering Guaranteed Auto Protection insurance and auto extended warranty on a reinsurance basis for cedants dealing with auto dealers and banks within the GCC market.