Latest Middle East & Africa News
Consolidation effort pays off for Qatar/MENA insurer.
Former Bank of Jordan executive brought in to help further digital goals.
Shawn Moynihan has joined the Reactions editorial team as its new Editor-in-Chief, based in New York City.
Qatar’s boom in construction for the 2022 FIFA World Cup is giving insurance a major boost in the country.
Iran is looking to the insurance linked securities (ILS) market to help bypass sanctions placed on it but it will require huge regulatory updates.
Economic growth opportunities are plentiful in the region, but local reinsurers continue to struggle with a lack of diversification, competition from international carriers and economies of scale.
The domestic reinsurance market in the MENA region is an insular one, but a steady increase in the number of natural catastrophes in the region is fuelling a push for more foreign business.
Aon expands its M&A and transaction solutions capability for infrastructure by hiring ex-PwC staffer Charlie Garrood as EMEA head of infrastructure mergers and acquisitions (M&A).
The firm has reported a slight drop in net income for the first half of the year but is optimistic that it can hit its proposed full-year targets, barring any major catastrophes.
Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.
Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.
Steve Dixon, Ace’s regional managing director for the Middle East and North Africa (MENA) suggests that the Arab Spring has spurred the insurer into pursuing new facultative reinsurance opportunities within the region.
Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.
John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.
INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.
Martin Sullivan, who was appointed deputy chairman of Willis last year, discusses his role and objectives now that he has re-invented himself as a broker after formerly being CEO of AIG.
Michael McGavick has led an impressive turnaround at XL Group since he took over with the insurance and reinsurance firm in crisis. He explains how he did it, what lies in store for XL and what he thinks about AIG.
Stefan Lippe has overseen a rapid turnaround at Swiss Re. But he still has much work to do to pay back a capital injection from Warren Buffett, convince rating agencies it deserves to be in the double-A range, and win back the confidence of clients and shareholders.
In this month's Reactions