The Arab War Risk Insurance Syndicate (AWRIS) has placed Lebanon on "Hold cover" status, given heightened risks in the wake of the outbreak of war between Hamas and Israel.
In a commentary the credit rating agency AM Best has said that "it is too soon to cite AI as the leading cause of the job losses, at least at this nascent stage." Instead, the layoffs likely fall into "the cyclical, rather than the structural, category."
The world's leading insurance broker Marsh has teamed with a Japanese partner on an insurance agency that makes specialised recommendations on corporate coverage.
The working procedures and principles of Turkiye's Nuclear Insurance Pool are set out in a regulation that took effect on its publication by the Insurance and Private Pension Regulation and Supervision Agency (SEDDK) in the Official Gazette on 19 October 2023.
China's "One Belt, One Road" Reinsurance Community underwrote a total of 74 "Belt and Road" (B&R) projects in the period between the formal commencement of operations in November 2020 and the end of June 2023. The insurance coverage provided protection for total overseas assets worth CNY57bn ($7.8bn).
Miller, a leading independent specialist (re)insurance broker, has formed a new long term partnership agreement with Central Insurance Services (CIS) in Thailand, to enhance the firm's Energy proposition and reach in the region.
International new oil and gas capacity grew by 13% in 2022 and this capacity growth has mainly happened in China and Southeast Asia according to a new study.
Several Tanzanian insurance companies recently established a consortium for insuring large and valuable projects in the country to reduce reliance on foreign insurance companies, revealed Commissioner of Insurance, Dr Baghayo Saqware.
Markel, the global specialty insurer that is part of New York-listed Markel Group, has announced that it will open three new offices in Australia this month.
Lloyd's, the world's leading marketplace for insurance and reinsurance, yesterday announced a strong set of results for the first six months of 2023, with a profit before tax of GBP3.9bn ($4.9bn), which was a turnaround from a loss of GBP1.8bn in 1H2022.