Country: Middle East Page 2 / 6
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- March 4 2026
Donald Trump pledges insurance for vessels in Strait of Hormuz
US International Development Finance Corporation would offer insurance 'at a very reasonable price' to help ensure the flow of energy and other commercial trade, US president says.
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- March 4 2026
Legal precedent raises stakes for aviation war insurers as Iran conflict grounds fleets
Aviation war market faces a flurry of policy cancellations and reinstatements this week, with rates expected to surge by triple digits.
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- March 3 2026
Middle East conflict to heighten earnings volatility for global reinsurers: S&P
The conflict disproportionately affects specialty lines, a segment that insures complex or high‑risk exposures, including war risk, aviation, energy, political violence, and other niche classes, the rating agency said.
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- March 3 2026
Warning of 50% spike in marine war risk premiums as Iran conflict intensifies
With US$500bn in energy trade at a standstill, proportionality and caution are the watchwords for the marine market as it braces for a prolonged crisis.
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- March 2 2026
US-Israeli strikes on Iran force marine war market repricing amid elevated geopolitical risks: Aon’s Stephen Rudman
While there is no systemic withdrawal of capacity, underwriters have cancelled certain hull war policies and are offering reinstatement of cover at materially increased rates, the broker's head of marine in Asia says.
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- March 1 2026
War risk insurers cancel covers, raise prices for ships in Gulf and Strait of Hormuz: report
Insurance rates could rise by as much as 50% following Iran's retaliatory stirkes against US-Israel, meanwhile, cargo war-risk insurers are also preparing to issue cancellation notices on Monday.
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- February 13 2026
Lloyd’s promotes Emma Loynes to CEO of Asia Pacific, Middle East, Africa
Singapore-based Loynes succeeds Chris Mackinnon, will leave for Munich Re Specialty in April.
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- January 29 2026
MS Amlin launches Middle East reinsurance partnership with Mitsui Sumitomo
Arrangement provides contract frustration protection for Mitsui Sumitomo's client banking portfolio, leveraging the experience and knowledge of MS Amlin’s specialist underwriters.
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- January 29 2026
Abu Dhabi National Insurance Company to open Gift City branch this year
Insurer has secured approval from the Central Bank of the United Arab Emirates, with Indian regulatory approval expected to follow ahead of an anticipated branch opening in the latter part of 2026.
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- January 19 2026
Saudi Re approved to open Gift City branch
Move to open in India's special economic zone aligns with the company’s expansion strategy, it said in a stock exchange update.
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- December 16 2025
Everest’s Adam Clifford rejoins AIG as CEO for international commercial insurance
Clifford previously spent over seven years at AIG in casualty roles in London and Singapore.
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- November 10 2025
HDI Global launches Middle East energy hub with John Morrell at the helm
The Dubai-based team, which has also added Shumaila Shakeel, will focus on generating new clients in the region while existing relationships will be managed by its Singapore hub.
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- November 10 2025
Marsh names Guy Bessis as power and energy chairman for India, the Middle East, and Africa
Dubai-based Bessis previously held the global head of sales for energy and power position for over 17 years.
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- September 2 2025
Policybazaar for Business expands to UAE, Qatar, Oman, Sri Lanka
Indian reinsurance broker, which offer fac and treaty placements spanning property, marine, liability, cyber and climate-linked risks, seeks to build a pan-Asian and Middle Eastern reinsurance presence, as first reported by IAN.
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- August 6 2025
Howden Re secures Dubai licence for Middle East, South Asia push
Dubai International Financial Centre operation will focus on its treaty, facultative and MGA reinsurance offerings across the Middle East, Africa and South Asia regions.
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- June 20 2025
Further war rate adjustments expected amid intensifying Middle East conflict, Swedish Club warns
P&I club also anticipates increased focus on compliance-related issues in order to identify certain increased risk elements.
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- June 20 2025
Opinion: Specialty market set to be tested in the fire once again as Iran escalation evokes memories of Gulf War
Conflict between Israel and Iran is bringing back memories of the Gulf War, which was seen a key testing ground for the resolve of the marine market, with numerous attacks on ships.
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- June 19 2025
Marine insurers lift prices for Strait of Hormuz by 60% amid safety fears: FT
Cost of cover for a US$100m ship has risen from US$125,000 to US$200,000 since the start of the conflict between Israel and Iran last week, according to Marsh McLennan.
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- June 19 2025
Strait of Hormuz tanker collision highlights dark fleet dangers, but not seen as war event
Adalynn and Front Eagle collided on Tuesday in the Strait of Hormuz amid the ongoing tensions between Iran and Israel.
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- April 16 2025
Markel to buy P&I specialist MGA Meco
The MGA with presence in Shanghai, London and Dubai will integrate into the specialty (re)insurer but will continue to operate through its brands Charterers P&I Club, Transmarine and Aurora P&I.
