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Middle East and Africa

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

 

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

Mosaic opens Dubai office to target MEASA risks

Bermuda insurer’s new Dubai office is its seventh underwriting hub

United Arab Emirates Specialty

Gallagher launches Middle East energy risk engineering services

Broker hires Marsh executive to lead risk engineering in the region

Middle East and Africa Energy

Africa Specialty Risks names Paradine senior treaty writer

Pan-Africa reinsurance group hires WR Berkley senior vice-president to drive growth of proportional and non-proportional treaty products across the region

Middle East and Africa People moves

Marsh to take majority stake in Beassur Marsh

Global broker expands operations in North Africa after acquiring initial stake in Moroccan broker in 2019

Morocco Marsh

Africa Specialty Risks inks $10m political risk capacity deal

Multi-year deal with Africa Re will give a wider array of corporates and investors access to specialty risk mitigation covers

Middle East and Africa Specialty

Africa Specialty Risks strikes capacity deal

Partnership with Moroccan insurer Société Centrale de Réassurance will enable businesses to expand across the Africa and the Middle East

Middle East and Africa Reinsurance

Brokerslink expands into Middle East with affiliate

The expansion will give Brokerslink local broking expertise in eight Middle Eastern countries

Middle East and Africa Brokers

Swiss Re has capacity for EMEA cat growth if rates and structures right

Reinsurer says it needs to see improvements in retentions, pricing and terms and conditions to grow natural catastrophe book in the region, as German cedents indicate demand for up to €2.5bn more cat limit

Europe Middle East and Africa

MGA Focus – Africa Specialty Risks: Derisking Africa

As part of an ongoing series on MGAs, Insurance Day speaks to ASR about its growth plans and ambitions to bring more capacity and specialty insurance products to Africa 

Middle East and Africa Specialty

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 East

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

Middle East and Africa Mergers and Acquisitions
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