Middle East
Climate change - Renewable energy: The future energy landscape
With the government committed to cutting carbon emissions and improving energy efficiency, the insurance industry may play a crucial role in providing effective cover, reports Mark Potter.
Aon: Threat of political unrest equal to terrorism
Political violence, strikes, riots, civil war and war now threaten businesses' growth, continuity and profitability as much as terrorism, according to Aon Risk Solutions.
Property claims: Marsh admits to 'red flag' concerns
Insurance broker Marsh warned that policyholders are still failing to buy sufficient indemnity periods as part of their business interruption cover.
AM Best removes ratings of Tunis Re from under review
AM Best has removed ratings of Tunis Re from under review with negative implications, and affirmed the financial strength rating of B+ and issuer credit rating of bbb-. The outlook assigned to both ratings is stable.
Energy insurance remains favourable despite natural catastrophes
Despite an unprecedented number of recent natural catastrophes, conditions remain favourable for most energy insurance buyers, according to Marsh.
Bin Laden death will not affect terrorism rates
The death of Osama bin Laden is "unlikely to have a material effect" on terrorism insurance rates in the short term, market figures have said.
Overseas market - Saudi Arabia: full of Middle Eastern promise
With a fast-growing insurance sector, Saudi Arabia is a country on the move. Dexter Morse gives a detailed overview of market developments and potential.
Interview - Ash Bathia: building the profitability platform
QBE Europe kept competitors on their toes as it built the business and branched out. Underwriting boss Ash Bathia tells Mairi MacDonald where his sights are now set.
Roundtable - Cloud computing: head in the clouds
The term 'cloud computing' is very much in vogue. Post gathered together technology and insurance industry experts to debate whether the industry is ready to seize the opportunities it can offer. Amy Ellis reports.
Willis: sufficient coverage harder to retain in politically volatile regions
A report from Willis has revealed that companies operating in politically volatile regions of the world may soon struggle to retain sufficient insurance coverage to protect their assets and staff.
Axis Claimspro targets global expansion
Axis Claimspro, the UK and International specialist loss adjusting operation and European division of Canada’s SCM Insurance Services, is targeting expansion of its specialist cash in transit dedicated claims support service on a worldwide basis
Marsh enters into strategic partnership with INSIA
Marsh is to acquire a 15% stake in INSIA as part of an agreement which will see the broker support the network’s growth in the Czech Republic and Slovakia and other European countries.
Interview - Michael Walter & Edward Maddison: Engaging the next generation
Lynn Rouse talks to ASL's Michael Walter and Edward Maddison about expanding horizons, operational expertise and engaging the firm's next generation.
RSA names Hong Kong CEO
RSA has appointed Singapore country manager Chris Colahan as its new Hong Kong chief executive.
Moody’s: Lloyd’s motor deterioration “alarming”
Moody’s has said the performance of the Lloyd’s market in 2010 - a £2.2bn profit before tax – “compares favourably” with its peers in the reinsurance and commercial markets, but warns of the “alarming” deterioration in its motor book.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Beazley revises MENA outlook to negative
Insurer Beazley has revised its outlook on the Middle East and North Africa to negative following the civil unrest in the region.
Lockton Middle East subsidiary gains chartered status
Lockton subsidiary Lockton MENA Limited has succeeded in its application to achieve Chartered Broker status from the Chartered Insurance Institute.
Insurers shut Bahrain offices
A host of international insurers have closed their offices in Bahrain as civil unrest continues to sweep through the Gulf state.
Prospx partners with Assurex to expand into EMEA
Prospx, developer of an on-demand search and sales collaboration solution for the commercial insurance industry, is extending its platform to Europe, the Middle East, and Africa through its relationship with Assurex Global.
Major loss: meeting the challenges of major loss
With the global nature of modern business exposing insurers to a variety of major loss challenges, Trevor Latimer assesses the consequences.
Willis consolidates international units
Insurance broker Willis has merged its Asia Pacific and Middle East and Africa units naming Roger Wilkinson as the chairman and chief executive of the new entity.
Research provides reinsurance insight to Qatar
Research into reinsurance in the GCC has been unveiled by the Qatar Financial Centre Authority (QFC Authority), establishing the first regular report monitoring the development of the sector in the region.
Catastrophe losses hold back Hardy profits
Hardy Underwriting’s profits halved to £10m during 2010, after it faced a string of international catastrophe losses with a net value of £37m.