Country: Middle East Page 3 / 4
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- June 7 2021
Ever Given compensation being reassessed by Egypt authority
The Suez Canal Authority has revised its initial US$900m demand.
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- May 12 2021
Sedgwick Asia director to join Charles Taylor: sources
Stephen Hope is set to join the adjuster's onshore energy and mining division.
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- May 10 2021
Asian Re’s loss ratio deteriorates as cat losses bite: AM Best
Underwriting results remain volatile with Asian Re's five-year average COR exceeding 125%.
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- May 6 2021
BHSI appoints senior Asia transactional liability underwriter
Daniel Thieviasingham is based in the Lion City and formerly worked at Lockton.
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- April 14 2021
Suez Canal Authority seizes Ever Given, demands US$900m
The ship's liability insurer, the UK P&I Club, has disputed the "extraordinarily large claim".
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- March 30 2021
Ever Given: wider marine insurance market to see limited impact
AGCS expert tells IAN it is still too early to predict overall losses.
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- August 11 2020
Beirut’s hull, cargo and port losses within US$250m: GC
Guy Carpenter's initial analysis suggests there will be an impact on the global market.
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- December 12 2019
Political risk rises as US imposes more sanctions on Iran
Tensions are rising in the Middle East again.
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- October 16 2019
Claimed attack on Iranian tanker to raise war risk rates
The latest incident in the Middle East will drive rates up further.
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- June 17 2019
Persian Gulf marine war risk premiums soar
An increase in attacks and uncertainty has caused the cost of cover to rise and shipowners to worry.
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- April 23 2019
US oil sanctions against Iran to tighten
The move has ramifications for the specialist and marine markets.
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- March 29 2019
Japan extends Iran oil cover amid US sanctions
The decision by Japan's parliament could prove helpful for oil importers.
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- November 9 2018
CII appoints Thompson as international director
Professional body hires experienced hand for key position outside of the UK.
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- November 6 2018
Renewed US sanctions on Iran begin
The measure will cause a headache to the marine and specialist insurance market.
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- July 27 2018
Tough times as Qatar Re quits Singapore
The Bermuda-based reinsurer is hurting after nat cat losses, forced reserve increases and a diplomatic spat in the Gulf.
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- March 2 2018
Is the end nigh for retakaful?
The small and fragmented market is struggling to compete with competition from conventional players.
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- January 20 2017
Japanese insurers join rush to enter Iran
More than 140 foreign insurance and reinsurance companies are in talks with the Iranian regulator.
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- October 6 2016
Qatar Re gets licence for Singapore branch
The Monetary Authority of Singapore recently gave the Qatari reinsurer the green light.
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- February 23 2016
QIC raises capital after record premiums
Key drivers of growth included reinsurance premiums, which now account for 50% of the group's total premium income.
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- February 22 2016
Insurance regulators in India and UAE ink bilateral pact
The agreement provides for sharing of insurance information amid interest from many other countries in India.
