Middle East
THB grows international treaty team
THB hires three senior brokers from RFIB
Allianz global corporate & specialty targets Middle East business
New Dubai branch offers corporate and specialty insurance products.
Marsh: corporate governance undeveloped in UAE
Broker survey found only 8% of conference delegates thought it as 'developed'.
Crawford opens office in Abu Dhabi
Claims management company opens new office
Loss adjuster opens new UAE branch.
Crawford sets up in Abu Dhabi.
Saudi insurer Tawuniya reports $8m loss from Jeddah flood
Company for Cooperative Insurance said it had estimated losses of $8m from flooding in Jeddah in November.
US Congress passes (re)insurance sanctions on Iran
US Congress has backed plans to impose sanctions on Iran including an insurance and reinsurance ban for Iranian tankers as part of the Iran Refined Petroleum Sanctions Act
UN Security Council considers (re)insurance ban on Iran
The UN Security Council is considering imposing sanctions on Iran including a ban on (re)insurance for Iranian tankers – WSJ
Jordanian insurer given ratings by AM Best
Jordanian insurer Jordan Insurance Company has been assigned a financial strength rating (FSR) of B++ (Good) and an issuer credit rating (ICR) of “bbb” by AM Best.
Swiss Re says no 'significant' exposures to Dubai crisis
Swiss reinsurance giant says not badly exposed to collapse of Dubai World.
AM Best turns upbeat on Qatari insurer
AM Best revises outlook on Qatar General Insurance and Reinsurance Company to positive from stable.
Allied World open Singapore office
Allied World has opened a branch office in Singapore in order to further expand its operations in Asia, and has appointed Bruce Ford as its principal officer and head of treaty Asia Pacific, Middle East and Africa.
Fitch happier about reinsurance sector
Ratings agency turns upbeat about reinsurance sector
Arig reports nine month profit turnaround
Arig's results for the first nine months improve markedly.
Motor fleet specialist joins QBE
Doug Jenkins joins insurer's Chelmsford operation
Crawford appoints new COO
CEO Ian Muress hails Brian Clark's experience as an adjuster and working for a major insurer.
Arig and Hardy form Middle East and Africa reinsurance business
Lloyd’s insurer and reinsurer Hardy Underwriting Bermuda and Arab Insurance Group team together to form Hardy Arig Insurance Management (HAIM).
Security conscious
Caroline Cruickshank discusses collateral issues facing reinsurance buyers and sellers in new markets and the emergence of a new collateral alternative
Captive audience
The takaful market has grown considerably in Muslim countries. Simon Fisher considers the prospects for Sharia-compliant captives.
Arabian lights
Despite the global economic downturn, the Middle East still offers many opportunities for reinsurers, writes Tim Evershed.
Ace Life appoints Middle East & North Africa MD
Ace Life has appointed former AIG exec, Abdallah D. "Budy" Kubursi, as managing director for its Middle East & North Africa businesses