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Middle East and Africa

This region's insurance markets are expected to undergo rapid expansion

 

Optio establishes Dubai operation

Specialty managing general agent hires Besso Re executives to launch MGA and broking operation that will initially write A&H business 

Middle East and Africa Distribution

Gallagher Re hires Natixis' Delacroix as executive director

Delacroix will focus on a range of capital market activities, including ILS and collateralised reinsurance

Europe Middle East and Africa

BHSI names Hannoun as head of casualty for Middle East

Executive takes over the group’s Middle East casualty portfolio from Emir Erdur, who is to lead the group’s casualty underwriting team in the UK

Middle East and Africa Berkshire Hathaway

Vesttoo and Clear Blue team up to secure $1bn from capital markets

Transaction is part of Vesttoo’s strategy to bridge the gap between the insurance and capital markets and scale insurance-linked investments as a source for reinsurance capacity

Israel Insurtech

Private equity deals and Middle East demand drive M&A insurance optimism

Amid fears of a global recession, market participants remain upbeat and say volatility could make transaction liability insurance more attractive to buyers and sellers who want a quick and relatively less risky deal-making process

International Middle East and Africa

Intact closes sale of RSA Middle

Deal was announced 10 months after Intact acquired RSA’s Canadian, UK, Irish, and international businesses 

Middle East and Africa Mergers and Acquisitions

Gallagher Re and Africa Re collaborate to address African protection gap

Joint initiative aims to provide a robust, replicable and modular framework for Africa to address a wide range of threats and protect assets and liabilities

Middle East and Africa Reinsurance

WTW target Israel’s M&A market with Begner hire

Global broker looks to tap into the opportunities in Israel's buoyant M&A market with hire of Joshua Begner from Marsh

Israel Willis Towers Watson

MNK Re appoints Oluoch to lead Kenya office

Oluoch will be responsible for expanding the company's presence in Kenya and the wider east African region

People moves Middle East and Africa

Africa Specialty Risks strikes PVT capacity deal

Pan-African-focused reinsurance group to provide capacity to Neema managing agency to launch political violence and terrorism product

Middle East and Africa Specialty

Ever Given payout likely to equal Costa Concordia loss

Casualty that blocked Suez Canal will see multibillion-dollar hit for reinsurers, although bill will still come in below Tianjin explosion in 2016

Marine Losses

Africa Specialty Risks secures additional energy capacity

Capacity provide by Peak Re and GIC Re rises to $38m 

Middle East and Africa Energy

MNK Re appoints South Africa CEO

Lloyd’s broker hires Vanida Pillay from AGCS, as it looks to expand its presence in the region and launch new products

South Africa Broker

Saudi Re plans $118m rights issue

Company intending to bolster capital base and fuel future expansion

Middle East and Africa Reinsurance

Munich Re becomes sixth company to refuse EACOP cover

Controversial East African Crude Oil Pipeline is hit by latest insurance setback

Middle East and Africa Uganda

Duck Creek appoints new EMEA managing director

Insurtech looks to grow regional client base as it identifies growing demand

Europe Middle East and Africa
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