Political risks driven by economic policy still outweigh those from international conflict, according to the ninth annual Political Risk Survey Report by Willis.
Reinsurance giant Munich Re has allocated EUR90m ($105.6m) in the first quarter of this year for claims for damages from the Middle East armed hostilities, according to the company's CFO, Mr Andrew Buchanan.
Recent global developments have underscored the growing importance of marine insurance and war risk coverage, placing new pressures on the insurance sector, according to a senior official of the Financial Services Authority (FSA).
Senegal's state-owned national oil company Petrosen is planning to establish a subsidiary specialising in hydrocarbon risk coverage, with the aim of capturing up to FCFA13bn ($26m) in premiums annually.
Lockton has announced the appointments of Mr Jaideep "Jay" Sharma as CEO of Lockton India, subject to regulatory approval, and Mr Nicholas "Nick" Lee as CEO Designate of Malaysia, of Lockton Sime.
Soter Insure, which provides institutional-grade insurance for the digital asset economy, yesterday announced that it has received full authorisation from the Dubai Financial Services Authority (DFSA) for insurance intermediation.
Emirates Insurance Company has announced the appointment of Mr Jean Claus as CFO, effective 1 May 2026. His appointment followed the retirement of Mr Aart Lehmkuhl on 30 April 2026.
The Ardonagh Group has appointed Mr Andrew Minnitt as CEO of its Asia business, subject to regulatory approval.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.
Watania International Holding has appointed Mr Anuj Agarwal as CEO, effective 20 April 2026.