A new special report from A.M. Best – Takaful Poised for Growth, But Greater Focus is Required – notes that “Takaful operators in the Gulf Cooperation Council (GCC) and Malaysia are growing at a rapid pace and are highly capitalized. …
Liberty International Underwriters (LIU) and Liberty Syndicates have launched a joint initiative to provide war and terrorism insurance capacity for Middle Eastern risks. “LIU will distribute its product through Middle Eastern brokers and provide customer service from its regional office …
Aon’s annual publication of its Terrorist Risk Map has been expanded. Aon said this year’s version features areas where “political violence, strikes, riots, civil war and war threaten the sustainable growth, continuity and profitability of businesses as much as terrorism.” …
Lockton in Dubai announced the appointment of Neil Dawes as a specialist financial lines broker providing (re)insurance and risk management expertise to clients in the Middle East and North Africa (MENA) region. He has more than “24 years of experience …
Attempting to predict the future, rather than imagining possible versions of it, may have blinded risk analysts to the likelihood of this year’s uprisings across the Middle East and North Africa. Concentrating on what precedent taught was probable, and trying …
The International unit of global insurance broker Willis Group Holdings announced that it is aligning its Asia Pacific business with its Middle East and Africa operations under the leadership of Roger Wilkinson as Chairman and CEO, effective immediately. Wilkinson, who …
RSA has announced the appointment of Lloyd East as Managing Director for Al Ahlia Insurance SAOC, part of the RSA Group. He has “over 20 years experience in the financial services industry having led joint ventures, strategic alliances and strong …
The Lloyd’s Market Association has issued the following statement concerning the wave of political protest and demonstration that have been unfolding in the Middle East and North Africa: “Clearly there has been considerable property damage as a result of the …
Standard & Poor’s Ratings Services announced that it has affirmed its long-term counterparty credit and insurer financial strength ratings on Hannover ReTakaful B.S.C. (Hannover ReTakaful), Trust International Insurance & Reinsurance Co. B.S.C. (c) (Trust Re), and Saudi National Insurance Co. …
Aon Risk Solutions, the global risk management arm of Aon Corp., is advising companies in the Middle east to “begin planning now for the effects of any potential spread of unrest in the region,” following the evacuation of a number …
