The Jordan Insurance Federation (JIF) has released a working paper titled "Implications of the War on Iran for the Jordan Insurance Sector", outlining the risks and challenges associated with the war in the Gulf, and proposed responses to them.
Shipowners are reluctant to risk crossing the Hormuz Strait even with insurance because of the high cost of the assets, according to Mr Mohamed Mahran, the CEO of Misr Insurance Company, the biggest general insurer in Egypt.
Sukoon Takaful has signed a partnership agreement with the Ministry of Energy and Infrastructure, which is represented by the Sheikh Zayed Housing Programme.
The Board of Directors of MAPFRE Re has approved the appointment of Mr Fernando Utrilla Agüero as CFO, as part of the succession process following Mr Daniel Quermia's upcoming retirement.