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Middle East and Africa

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


Arch taps Chaucer's Chtioui to write Mena PV risks

Jalal Chtioui named senior underwriter for terrorism, political violence and war

London Middle East and Africa

Guy Carpenter acquires Israeli broker

Reinsurance broker buys Re Solutions for an undisclosed amount

Middle East and Africa Israel

Turkey earthquake insured loss raised to $4.4bn: Perils

Loss aggregator increases estimate for country’s costliest catastrophe event by one-third

Turkey Property

A hard market brings responsibility

African Risk Capacity ‘has not been spared’ hardening catastrophe reinsurance pricing

Middle East and Africa Special Report

Fairfax raises stake in Gulf Insurance to 90%

Fairfax affiliates will acquire an additional 46% stake in Gulf Insurance Group for around $860m

Middle East and Africa Fairfax

African Risk Capacity appoints Gallagher Re as broker

Gallagher Re will place a portfolio cover in the reinsurance and capital markets for the transfer of climate and food insecurity risks in Africa

Middle East and Africa Reinsurance

Nexus completes purchase of majority stake in Spectrum Risk Management

‘We see a clear opportunity to build a Nexus Dubai business underwriting in excess of $50m in gross written premium over the next three years,’ says Kentro Capital and Nexus Underwriting chief executive

United Arab Emirates Specialty

BMS to launch in Middle East through acquisition

The specialist re/insurance broker has agreed to acquire a majority share in Abu Dhabi- and Dubai-based broker Berns Brett Masaood

United Arab Emirates Specialty

Mozambique buys parametric reinsurance for cyclone risk

The parametric policy, led by Africa Specialty Risks, is the first of its kind for Africa and provides cover of $35m if windspeed or rainfall triggers are met

Mozambique Reinsurance

Building resilience in South Africa’s political violence insurance market

The riots in South Africa in July 2021 resulted in significant property damage that took a heavy toll on Sasria, the state-backed political violence insurer, and also spread into the international political violence markets. With national elections looming in 2024, could the political violence market cope with another potential outbreak of civil unrest?

South Africa Specialty

McLarens boosts Middle East operation with senior hires

Global claims services provider appoints Richard Croudson senior executive adjuster alongside four other hires as McLarens expands commercial property and construction practice in the UAE 

Middle East and Africa Claims Management

Africa Specialty Risks approved as Lloyd's coverholder

Pan-Africa reinsurance group strikes political violence capacity deal with Atrium 

Middle East and Africa Lloyds

Brokerslink expands network in Africa

Broker network announces new partners in Algeria, Ethiopia, Libya and Réunion

Middle East and Africa Broker

Turkey quake insured losses could top $4bn

Reinsurers to bear bulk of losses through participation in Turkish Catastrophe Insurance Pool programme or through the reinsurance of local carriers 

Turkey Syria

Gallagher appoints Tidey head of Middle East natural resources

Corey Tidey joins from Lockton Australia, where he was manager for power and energy

Middle East and Africa Energy

Optio MENA begins trading in Dubai

Specialty managing general agent launches MGA and reinsurance broking operation that will initially focus on A&H business 

Middle East and Africa Specialty
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