Middle East
60% of insurers planning to divest by 2017
More than half of insurers are planning to complete sales by the start of 2017, according to a study from Towers Watson, up from just 20% saying the equivalent last year.
Renewable energy: An ill wind?
If a recent Swiss Re report is to be believed, investment in renewable energy is set to skyrocket in the coming years – so why do insurers seem wary of taking on the sector’s risks?
Brokerslink expands Eastern European and African footprint
Brokerslink has expanded its Eastern European and African presence and has announced the incorporation of its holding company.
Zensar targets Middle East with Agile partnership
Global software provider Zensar is partnering with Agile Financial Technologies as it ramps up its Middle East presence.
Lloyd’s set to benefit from increased investment as eastern markets mature
Analysts say eastern interest is ‘clearly a trend’ after completion of several deals
Zurich appoints Smith as Malaysia CEO
Zurich has appointed Philip Smith to the position of chief executive of Zurich Insurance Malaysia.
Markel applies for trade credit license in Dubai
Specialist insurer Markel is hoping to receive a license to offer trade credit insurance in Dubai by the end of 2014.
Guy Carpenter appoints head of EMEA & international P&I
Guy Carpenter has appointed Simon Smith as head of international protection and indemnity as well as overseeing the Europe, Middle East and Asia region.
AGCS appoints sernior CMT and cyber underwriter
Allianz Global Corporate & Specialty has appointed Graeme King as the senior underwriter responsible for communications media and technology and cyber.
XL Group extends Shariah compliant capacity to financial lines
XL Group has extended its Shariah compliant capacity to financial lines products across financial institutions, professional indemnity and management liability.
Super tall building construction shifting East, says Allianz
Super tall buildings once the preserve of the US have been springing up across Asia and the Middle East and they are becoming taller.
Isis Iraq insurgency set to push rates up amid fears unrest could spread
Extremist group’s actions have led to evacuation enquiries from oil and gas firms
Makhoul appointed as executive chairman for Marsh MENA
Marsh has appointed Robert Makhoul as executive chairman for Marsh Middle East and North Africa.
Catlin receives Lloyd's license from Dubai
Specialist insurer and reinsurer Catlin has established a presence in the Middle East through an office in Dubai.
Brokerslink splits EMEA region
Brokerslink has reorganised its Europe, Middle East and Africa trading area by splitting it into two separate regions - Europe, and Middle East and Africa.
Death toll at Turkish coal mine rises to 278
At least 278 people have been killed after an explosion at a coal mine in the Turkish town of Soma in the Western province of Manisa.
Guy Carpenter appoints Utkueri to head Turkish operations
Guy Carpenter & Company has appointed Okan Utkueri as managing director and head of the broker’s Turkish operations as it seeks to expand its presence in the region.
AIG boosts European trade credit team
AIG has made three new additions to its European trade credit team.
AIG restructures EMEA management team
AIG has made several appointments as part of a restructure of its Europe, Middle East and Africa division.
C-Suite – Insurer: Continually adapting K&R
With criminals devising ever more sophisticated ways to extort money from victims, kidnap and ransom insurance is continually having to adapt.
KPMG makes senior insurance hires from McKinsey & EY
KPMG has appointed Navdeep Arora and Justin Balcombe to its insurance advisory practice.
MICC boosts membership to 16 with first female representative
The MENA Insurance CEO Club has inducted its first female member in the form of Lamia Ben Mahmoud, chair and general manager of Société Tunisienne de Réassurance.
Mered appointed chief claims officer at Zurich
Zurich has appointed Saad Mered to the position of chief claims officer for its general insurance business.
Dubai expats warned of mandatory health insurance implications
Expatriates in Dubai have been urged to ensure they have the correct level of health insurance in place following a ruling by the Dubai healthcare authority.