Middle East
Bowring Marsh opens Middle East hub
Bowring Marsh, the specialist placement division of Marsh, has opened an office in Dubai to serve the growing demand for international insurance placement in the Middle East.
View from the top: Market volatility and risk – ‘Keep Calm and Carry On’
As 2011 draws to a turbulent end, minds are now focusing on how best to tackle the continued economic volatility that 2012 is sure to bring for risk managers across the world. Never has the old adage ‘Keep Calm and Carry on’ been more appropriate.
Guest blog: Market cycles, cost of reinsurance and the Middle East
In the course of the year, concerns over the rising cost of regulation with impending Solvency II have been heard, even by Ferma’s Peter Von Dekker, as a cost that is ultimately likely to be absorbed by consumers.
QBE appoints property underwriter for Dubai
QBE has appointed Vladan Radakovic as a property underwriter in QBE’s Dubai office.
QBE appoints Radakovic to Dubai office
Business insurer QBE has recruited Vladan Radakovic from Chartis to be property underwriter in QBE’s Dubai office.
Marsh launches EMEA renewable power practice
Broker Marsh has launched a Europe, Middle East and Africa renewable power & cleantech practice.
Aviva pairs up with UAE insurer for expat medical insurance
Aviva’s UK health business has set up a new arrangement with Abu Dhabi based Emirates Insurance Company to provide expatriates based in the United Arab Emirates with compliant international private medical insurance solutions.
Bahrain Kuwait Insurance assigned 'A-' ratings
Bahrain Kuwait Insurance Company has had a financial strength rating of A- (Excellent) and issuer credit rating of “A-” assigned by AM Best.
RFIB opens in Saudi Arabia
Lloyd’s broker RFIB has opened its office in Saudi Arabia, after being granted an intermediary license by the Saudi Arabian Monetary Agency to conduct insurance and reinsurance business earlier this year.
RFIB appoints Anthony Harris to run Saudi Arabian office
Lloyd’s broker RFIB Group has announced that Anthony Harris will be heading up the firm’s newly opened office in Saudi Arabia.
Middle East insurance consolidation is inevitable, claims lawyer
It is not of matter of if there will be consolidation in the Middle East insurance market, but when, according to a local legal expert.
Insurance Insight Update - 11 November
Insurance Insight’s weekly update is live with an article the biggest man-made disaster in Cypriot history; and a blog on why more education is needed in the Middle East.
Guest blog: GCC markets and the 2012 Crystal Ball
While The Cooperation Council for the Arab States of the Gulf markets, or GCC as they are known, return to a semblance of what was pre-financial crisis normality as they knew it, the race to write more for less will certainly continue.
BWise and LiBi to join forces in Israel
BWise, governance, risk and compliancemanagement software solutions specialist, has entered into a partnership agreement with business intelligence firm LiBi Software Technology in Israel.
Marsh promotes head of international from within
Marsh has recruited the new head of its international division from within its ranks.
AAIB recruits reinsurance manager
Anglo-Arab Insurance Brokers, the specialist insurer for emerging and high risk countries across the Middle East and Africa, has appointed Mekki Mustafa as its senior consultant in Iraq.
Market moves: All change at Zurich and Willis
Following a slow period, large insurers made a number of key appointments this week, including major moves at Zurich, Allianz and RSA.
Risk modelling - Riots: Out of control
The recent riots across England emphasised the destruction such uprisings can inflict. But why do riots start and can their triggers be predicted and planned for?
Axis International teams up with Middle East firm
Axis International Loss Adjusters and Surveyors has formed a partnership with Saudi Arabian-based Ahmed Omar Badhidouh & Partners Trading Co to provide loss adjusting and surveying services across the region.
Guest blog: Offer to sell?
I recently had an interesting debate with a seasoned insurance practitioner, the chief executive officer of an insurance company in the Middle East and Africa region.
Interview - Ann Haugh: Making the right decisions
UK CEO of Zurich Global Corporate Ann Haugh has never been averse to taking risks and reveals her determination to grow the business is as strong as it is strategic.
Interest from Middle East inevitable due to depressed share prices
The European insurance industry is likely to see an investor from the Middle East take a shareholding in an established brand within six to eight months, according to a regional expert.
In series - Lloyd's & London market: Please mind the gap
The skills shortage remains a major concern for the London market — but emerging evidence suggests the fight for talent has begun.
Arab Spring: A little bit of politics
The recent uprisings in the Middle East and North Africa have underlined the narrowness of terrorism policies — but have insureds woken up to the more comprehensive benefits of political violence cover?