Middle East
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.
RSA names new Al Ahlia boss
A former director of Principle Insurance, Lloyd East, has been appointed managing director of Al Ahlia Insurance, part of the RSA Group.
Kidnap & ransom policy rise likely in Middle East
Insurers will see an uptake of kidnap & ransom policies that contain repatriation costs if the civil unrest in the Middle East and North Africa continues, Chubb has claimed.
Hiscox targets political unrest for opportunities
Hiscox is looking for underwriting opportunities arising from the political unrest in the Middle East and North Africa.
New rating factors needed after European gender ban – Insurance News Now – 2 March 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories including what the ECJ’s ruling that a person’s gender can no longer be used to calculate insurance premiums or annuity rates will mean for insurers.
Willis makes Middle East appointment
Willis Group Holdings has appointed Atish Suri as a divisional director in Dubai, establishing an “on-the-ground presence” in the region.
Disagreement likely over Middle East property cover
Law firm Clyde & Co has claimed that property damaged during the civil unrest in the Middle East and North Africa could fall under either all risks property cover or political violence insurance.
Solvency II - Equivalence: The cost of regulation to cross-border trading
The regulatory costs associated with cross-border trading have long been a burden on international insurers, but things may be improving explains Nick Lowe.
Middle East policies may face court challenges
Commercial insurance policies that exclude political risk are likely to come under scrutiny by courts in the Middle East, following civil unrest in the region.
Post Magazine – 24 February 2011
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
No-claims household insurance discount considered by Axa – Insurance News Now – 24 February 2011
Post reporter Amy Ellis outlines this week’s major general insurance stories including how Axa is considering awarding no-claims discounts to household insurance customers to encourage them to take more responsibility for preventing weather-related…
Egypt could have bright insurance future
The future of the insurance market in Egypt depends on smooth transition to a new political landscape, according to Cunningham Lindsey.
Interview - Gregorio Santos: A new UK journey for Mapfre
With the purchase of Insure and Go, Mapfre entered the UK direct market in a blaze. Leigh Jackson talks to its UK chief executive Gregorio Santos about his plans to grow the business on these shores.
UK regulation needs tailoring for Takaful
UK insurance regulation needs to be tailored to meet the needs of Islamic financial services products if Takaful insurance is to succeed in the UK, a director of the Central Bank of Bahrain has claimed.
Relaunch of UK's first Takaful insurer hits the skids
The rescue and relaunch of the UK's first Shariah-compliant insurer Salaam Halal has fallen through over disagreements with its prospective backer, Post has learnt.
Interview - Marshall King: RFIB plans for the future
Softly spoken Marshall King has a track record worth shouting about. Lynn Rouse finds out about his plans to make sure everybody hears about broker RFIB.
IPP welcomes ATOL reform
The CAA’s intention that agents must point out what is and what is not protected as a significant step in the right direction in helping consumers make an informed travel purchase through the ATOL reform, according to International Passenger Protection …
French loss adjuster forms alliance with Crawford
Crawford & Company is to service claims outside France on behalf of TEXA customers after joining forces with the French loss adjuster.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
LMA issues Egypt alert
The situation in Egypt is being monitored by underwriters and their security advisers.
Crawford names Marc Godfrey to manage GTS operations in Brazil
He will be based in Sao Paulo and will report to Mauricio Alonso, senior vice president and regional managing director for Latin America, and also work with Bill Johnstone, senior vice president for GTS – Americas.
RSA appoints new CEO for Asia Middle East
RSA has appointed Stuart Purdy CEO for the Asia & Middle East region (AME).
Ironshore expands European political risk insurance team
Ironshore has appointed Donald Harkey to head the political risk unit for Ironshore Europe, based in Dublin.
XL Insurance makes senior underwriting appointment
XL Insurance has appointed Cristiana Báez-Safa as chief underwriting officer professional lines international.