Middle East
Arab Spring uprisings remain a 'key concern' for CEOs
Social tensions and public protests in counties affected by the Arab Spring remains a “key concern” for businesses operating within the nations impacted by the popular uprising, according to Aon’s 2012 political risk map.
Arab Spring aftermath threatens businesses in the region
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.
Growth creates paradigm shift for energy risk
The rapid evolution of the global hydrocarbon industry is creating a seismic change in the risk landscape for energy businesses, according to a report released by Marsh at its National Oil Companies conference in Dubai.
Marsh warns oil firms of risk changes
Broker Marsh has warned that the rapid evolution of the global hydrocarbon industry is creating a “seismic change” in the risk landscape for energy businesses.
Charles Taylor appoints Dubai-based energy adjuster
Charles Taylor adjusting has recruited Robert Sands as energy adjuster in Dubai.
Energy business warned to learn from past losses
Energy businesses need to learn from past major loss events in order to reduce the risk of significant property damage losses, broker Marsh has warned.
Oil companies need to embrace risk management
Global oil companies have inconsistent and insufficient risk strategies arising from their approach to governance and controls, according to a report released at Marsh’s oil company's conference in Dubai.
Ace names head of A&H EMEA
Ace has appointed Craig Parfitt to head up the analytics and management information team for the accident and health business in Europe, the Middle East and Africa.
Ace appoints international accident and health team head
Ace has appointed Craig Parfitt to head up the analytics and management information team for its accident and health business in Europe, the Middle East and Africa.
Doha Insurance reports 9% net profit rise
Doha Insurance Company (DIC) has seen its net profit rise 9% to Q65.85mn, and has recommended 30% bonus shares to shareholders.
Qatar and Luxembourg continue financial services cooperation
Qatar Financial Centre Authority and Luxembourg for Finance, the agency for that promotes Luxembourg as a financial centre, held a joint seminar today as part of the continued cooperation between the two countries in financial services.
Global tanker fleet hit by EU oil sanctions
New European Union sanctions on Iranian oil will impact around 95% of the global tanker fleet, including those operated by a major Bermuda shipping company, because they are insured under rules governed by European law.
Lone ranger Northcourt to provide capacity for growing nuclear risk
A coverholder which claims to be the first conventional insurer to bring capacity to the market that is not a mutual or part of a pool is to take advantage of growing demand from the eastern bloc.
Mergers & Acquisitions: Bucking the trend
As the market weighs up the value of assets such as Groupama and Brit’s UK arms, deal making by insurers appears to be buoyant, especially when compared to other industry sectors. But is this a trend that is set to continue?
Indian Government launches new insurance scheme for overseas workers
The Indian government has unveiled a new pension and life insurance scheme that would benefit over 5 million of the country’s unskilled and semi-skilled workers employed overseas.
Tougher EMEA commercial insurance market conditions expected in 2012
Insurance rates for businesses with exposure to natural catastrophe risks and supply chain perils are expected to continue increasing in 2012 across Europe, the Middle East and Africa, according to a Marsh report.
Tough conditions for EMEA commercial markets, Marsh warns
Insurance rates for businesses with exposure to natural catastrophe and supply chain risks are expected to keep increasing in 2012 across Europe, the Middle East and Africa, according to a report published today by Marsh.
Ace recruits communications head from HSBC
Global reinsurer Ace has appointed Darragh Gray as director of communications and marketing for its Europe, Middle East and North Africa operations.
Lockton Dubai is granted Lloyd's broker status
Lockton Middle East and North Africa has received Lloyd's broker registration.
Haymarket expands marine security in face of piracy threat
Haymarket Risk Management is expanding its maritime security division in response to the growing threat of piracy.
Arab Orient Insurance and Scor in medical insurance deal
Arab Orient Insurance Company has signed an agreement with French insurer Scor for the biggest medical reinsurance portfolio in Jordan.
Chartis re-jig creates three world regions
Chartis is splitting itself into three major geographic areas: the Americas; Asia; plus Europe, Middle East and Africa.
Arab Spring: Life during wartime
Continuing civil unrest in the Middle East and North Africa presents a challenge to the property insurance market — especially concerning the limits placed by the war risks exclusion.
Chartis re-jig creates three world regions
Chartis is splitting itself into three major geographic areas: the Americas; Asia; plus Europe, Middle East and Africa.