Middle East & North Africa (MENA) News

Advent Launches Political Violence Pricing & Placing Platform for SMEs in MENA

Lloyd’s insurer Advent announced the launch of its online pricing and placing tool, PVPlus. Developed in partnership with CFC Underwriting, this solution gives small and medium sized (SMEs) businesses in the Middle East and North Africa region access to low-ticket …

Sompo Canopius Names Catlin’s Newman as CEO of APAC & MENA

Sompo Canopius has appointed Mark Newman as chief executive officer Sompo Canopius Asia Pacific, Middle East and North Africa. He is based in the Singapore office, reporting to Mike Duffy, chief underwriting officer. Newman has 30 years in insurance and …

Lockton Opens Morocco Office, Based in Casablanca Finance City

Lockton, the largest privately held, independent insurance broker in the world, has opened an office in Morocco, based in Casablanca Finance City (CFC), an economic hub for the region. Lockton’s Middle East operations serve clients in the marine, aviation, energy, …

Overcapacity Weighs on Middle East, No. Africa Reinsurers: A.M. Best Report

A special report from A.M. Best notes that the “low level of insurance penetration seen in many Middle East and North Africa (MENA) countries, combined with the robust, albeit deteriorating, profitability achieved by the leading primary insurers, has made the …

Ace Launches Image Protect for the Middle East, North Africa

Ace Group has launched Image Protect, a product designed to help companies across the Middle East and North Africa region (MENA) effectively manage their reputational risks. The move stems from the results of a recent study, Reputation at Risk, which …

Best’s Reinsurance Industry Report Examines Relevancy of the Underwriting Cycle

A.M. Best has released its annual segment review of the global reinsurance industry, titled “How Relevant Is The Underwriting Cycle?” The special report includes a ranking of the top 50 global reinsurance groups and geographic breakouts of reinsurance segments. The …