Middle East market News

BHSI Introduces D&O Liability, Professional Indemnity Policies in Dubai, Middle East

Berkshire Hathaway Specialty Insurance (BHSI) announced it has developed proprietary directors & officers (D&O) liability and professional indemnity (PI) policy wordings for customers in the UAE and throughout the Middle East. “Companies in the Middle East are increasingly concerned about …

Berkshire Hathaway Specialty Names Property Leadership in Middle East and Asia

Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Kapil Palathinkal as head of First Party Lines, Middle East, and Carlos Beltran as head of First Party Lines, Asia, overseeing General Property, Energy and Construction. Palathinkal, who is based …

AXA Reviews Potential Sale of Middle Eastern Operations: Sources

AXA SA is considering options for its Middle Eastern operations including a potential sale, as Chief Executive Officer Thomas Buberl continues to streamline the operations of Europe’s second-largest insurer, people familiar with the matter said. The French insurer is working …

Brokerslink Network Appoints Ghazaleh as Middle East Regional Manager

Global broking business Brokerslink announced the appointment of Osama Abu Ghazaleh as Middle East regional manager. The region now has a dedicated representative committed to promoting the growth and development of its independent brokers located there, said Zug, Switzerland-based Brokerslink, …

Marsh Launches China Desk in Dubai to Tap Growing Business Links

Marsh, one of the world’s largest insurance brokers and risk advisers, has launched a China desk in Dubai to benefit from growing commercial links between China, the Middle East and Africa, its regional chief executive said. The subsidiary of U.S. …

Mauritius-Based Reinsurance Solutions Launches London Subsidiary

Reinsurance Solutions Group announced the launch of its London subsidiary, Reinsurance Solutions London Ltd. Reinsurance Solutions is a Mauritius-based reinsurance broking group trading across Africa with subsidiaries in Kenya, Cote d’Ivoire, and now London. The group, established 20 years ago, …

Zurich Insurance Plans to Exit P&C Business in Middle East After Strategic Review

Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the “limited potential” for profitable growth. The decision to exit general insurance in the region follows a …