Middle East
Zurich hires MENA head
Zurich Insurance has appointed Umron Ahmed be chief executive officer for its global corporate business in the Middle East & Africa.
Insurance enquiries up 2000% after Dubai tower fire
Insurers in Dubai have seen a 2000% spike in insurance enquiries following a fire in the Jumeirah Lakes Towers district this week, Gulf News reported.
Roundtable: The Arab Spring - Identifying and handling the risks
The unrest in the Middle East over the past two years has created a host of new risks for companies operating in the region. How should the insurance industry adapt in response?
Allianz Worldwide Care opens Brussels support centre
Allianz Worldwide Care Services has opened an operational support centre in Brussels to provide a local contact point for the company's intergovernmental organisations and corporate clients.
Q-Re poaches Novae underwriting team
Q-Re, the reinsurance subsidiary of Qatar Insurance Company, confirmed today that is has hired 14 senior reinsurance staff who resigned from Novae in May.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
UIB hires Raven as new upstream head
Lloyd's reinsurance broker United Insurance Brokers has appointed Joss Raven as divisional director of its upstream energy division.
Marsh's Moylan to head global surety practice
Marsh has appointed David Moylan as head of its newly created global surety practice.
Aria Assistance and GlobeMed launch MENA partnership
Aria Assistance, the independent UK insurance and assistance company, has signed a strategic partnership for the delivery of assistance services with Africa/Middle East regional healthcare administration services and assistance provider, GlobeMed.
Arig logs profit in Q3
Arig has announced a net profit of $10.3m nine months into 2012.
RSA hails "unique geographic footprint" after 15% growth in emerging markets
Emerging markets led growth for RSA in the first three quarters of 2012 as challenging conditions continued to affect performance in its core European market.
Ace Europe head criticises London market's 'lack of vision'
London's insurance industry must avoid complacency and reinforce its position as the global insurance centre through innovation, collaboration and recognition of the shift towards emerging markets, the chairman of Ace European Group said today.
Insurance seen as safe haven amid falling Gulf stocks
The Qatar stock exchange fell by 38.78 points, or 0.45%, to 8,564.84 on Sunday from the previous close of 8,603.62, but insurance stocks bucked the overall trend.
Aria reaches partnership deal with Globe Med
Aria Assistance has signed a strategic partnership for the delivery of assistance services with Africa and Middle East regional healthcare business Globe Med.
Crawford names chief administrative officer for EMEA-AP
Crawford & Company has appointed Chris Pinney, pictured, as chief administrative officer for EMEA and Asia Pacific with effect from 1 November.
Top five Asian news stories
The top five Asian news stories on www.insuranceinsight.com over the past seven days.
Marsh hires EMEA cyber head
Marsh has appointed Stephen Wares as leader of the cyber risk practice in the firm's Europe, Middle East and Africa risk practices group.
Western sanctions threaten to halt Iran's shipping industry
Western sanctions are jeopardising Iran's vital shipping industry, and the country's biggest cargo carrier will face serious problems if the pressure continues, according to the head of the Islamic Republic of Iran Shipping Lines.
Demand for transactional risk cover up 35% in 12 months
Businesses globally are increasingly turning to the insurance market for transactional risk protection in a bid to shield revenue and assets from the risks faced on acquisition and exit or sale, according to a report published today by Marsh.
JLT's Q3 profit warning indicates challenges ahead
Jardine Lloyd Thompson faces significant challenges to its ambition to be a top three global player, according to an Investec analyst note.
BrokersLink launches supply chain tool
BrokersLink has launched Specialized Resources, a risk management service which it says will give members access to tools to help clients identify and quantify potential supply chain risks.
ING reportedly close to sale of Thailand and Hong Kong units
ING Group is nearing an agreement to sell its Hong Kong and Thailand insurance businesses to Richard Li, Reuters reported today, quoting sources close to the matter.
Axa Insurance Gulf opens Dubai branch
Axa Insurance Gulf is opening new offices for the UAE and regional operations in Dubai.
Mapfre eyes Middle East expansion with Turkish acquisition
Mapfre Genel Sigorta, the Spanish insurer's Turkish subsidiary, has acquired 51% of Genel Servis, a motor services firm.