Middle East
Q&A: Max Carter, New Dawn Risk
Formed in 2008, New Dawn Risk grew to handle £81m of premium last year. It started 2021 by looking to target UK regional brokers for the first time. Founder Max Carter reviews the growth of the company and explains why now is the right time for the firm…
IUA starts hunt for chair as Patrick Tiernan swaps Aviva for Lloyd’s
The process for appointing a new chair of the International Underwriting Association has begun, Post can reveal.
Sompo adds Richard Brown to lead on London market and property push
Sompo International has appointed Richard Brown to lead a new team focusing on property business through retail distribution channels in the UK, Europe and selected international territories including the Middle East and Israel.
Infectious disease climbs and terrorism falls among concerns of global business leaders
Infectious disease is now the second main concern for business executives globally, jumping 28 places from its ranking in 2019 in the wake of the Covid-19 pandemic, according to the World Economic Forum’s interactive map on Regional Risks for Doing…
Zurich picks Tim Bailey to replace Tulsi Naidu as UK CEO
Tim Bailey has been named Zurich UK CEO, moving across from being group chief operating officer for Europe, Middle East and Africa.
Analysis: Beirut blast – cost of humanitarian crisis could top $10bn
The explosion in Beirut, Lebanon at around 6pm local time on Tuesday 4 August tragically killed at least 157 people and wounded another 5000, with more than a hundred still missing as rescue efforts continue.
RSA moves back to underwriting profit in UK
RSA has delivered an underwriting profit of £3m in the UK for 2019, reversing the underwriting loss of £93m the year before.
Tractable targets SE Asia and mulls property diversification after $25m raise
Insurtech Tractable is targeting new clients in South East Asia, the Middle East and Latin America after unveiling a $25m (£19.2m) Series C investment, led by Georgian Partners
Interview: Amanda Blanc on life in the NED seat
The former Zurich, Axa and Towergate leader discusses her portfolio of NED positions, challenges for insurers in the current market, the partnership opportunities for insurtech businesses as well as rugby and schools.
Integro rebranded as Tysers and RFIB deal completes
Integro has completed the rebrand of its trading names as Tysers, having bought the broker in June 2018.
Sedgwick restructures UK leadership team
Sedgwick UK deputy CEO Paul White has been promoted to lead the business, following the appointment of current CEO Stewart Steel as head of a combined Continental Europe, Middle East and Africa division.
Zurich names Amanda Blanc's successor
Alison Martin has been appointed Zurich CEO EMEA and bank distribution, following Amanda Blanc stepping down after nine months in the role.
Interview: Amanda Blanc, Zurich
Amanda Blanc’s move from Axa to Zurich was perhaps the most talked about people move of 2018. The Association of British Insurers chair spoke to Jen Frost about her plans for the business in the coming year
Argo Global appoints EMEA CUO
Argo Global has appointed Alfredo Alonso as chief underwriting officer for Europe, the Middle East and Asia.
Markerstudy Gibraltar business cost Qatar Re owner £37.9m
The acquisition of Markerstudy's Gibraltar-based insurance business cost Qatar Re just £37.9m once cash assets were taken into consideration.
Trust Re ratings withdrawn due to financial statement delays
AM Best and S&P have withdrawn their financial strength ratings for Bahrain-based Trust Re, due to delays in the reinsurer publishing its financial statements for 2017.
XL Catlin's Nicola Harris on why insurers need to change their approach to the energy sector
Challenging times for the oil and gas industry call for a change in the way insurers address energy risks, writes Nicola Harris, head of energy for Europe, Middle East and Africa at XL Catlin.
US sanctions a threat to Lloyd’s Iranian business
The return of US sanctions on Iran are likely to prevent the use of a Lloyd's IT platform for any Iranian insurance business, the markets chairman has said.
Risk management: Analysis: Cargo theft on the rise
International cargo theft has a huge impact on the frequency and severity of insurance claims and the problem is increasing.
Analysis: Social media is making virtual kidnap and ransom a reality
In a world where political volatility is rife and where an individual’s net worth and lifestyle are discoverable through a Google search or Instagram feed, kidnap for ransom has never been easier or more lucrative. As the threat to clients increases, so…
Week in Post: Picking up the pieces after Biba 2018
The possibility of physical and mental collapse is now very real. No sympathy for the Devil. Buy the ticket, take the ride.
Analysis: How Lloyd's is faring in the Middle East
As economies in the Middle East diversify, new opportunities for insurers and reinsurers are beginning to show themselves. Is the London Market taking full advantage?
Markerstudy capacity owner QIC sees profit fall
Markerstudy capacity owner, Qatar Insurance Company, has reported a 24% fall in profits.
This week in Post: BIA shortlist and other insurance news
This week we unveiled the long-awaited shortlist for the British Insurance Awards.