Continued flooding could force up premiums and reinsurance costs, AM Best warns

Reinsurance giant shuffles regional executives in Asia and Africa, moving Kotak and Eckl

While the Houthi attacks in the Red Sea are being managed there is a real risk to the global supply chain

MSC Aries hijack and Iranian missile onslaught see little impact on Red Sea premiums and small hardening on Gulf trips

Switzerland-based reinsurer hires former Axis Re executive to drive growth in European, Middle East and Africa markets

European re/insurers carry ‘relatively immaterial’ liabilities in Israel, rating agency says

Middle East seeing influx of new providers due to legal reforms, broker reports

War risk, hull and machinery or kidnap and ransom cover will normally foot the bill, with cargo contributing through general average, experts say

When vessels are hijacked, the human beings on board are not always as well insured as the contents of a bulker’s holds

Clive Washbourn-led marine MGA will be on the hook for bulk carrier’s hull value, estimated at $17.6m, but could be protected through sidecar arrangement with reinsurer Fidelis

With at least 18 elections scheduled to take place this year in Africa, insurers will need to keep an eye on risk dynamics and the profiles of insured assets and policy contracts

Insurance industry jurisprudence has contributed significantly to solid international law principles that are desperately needed right now

Broker taps Aon for practice leader and predicts strong M&A market in region 

Oil majors and trading giants forced to pay extra for cover that was effectively a freebie until now

Buyback mechanism may be announced in the next few days

No need to extend high-risk area for now, Joint War Committee secretary says