The Tanzania Insurance Regulatory Authority (TIRA) has issued a notification, directing that all energy-related insurance risks must be directly underwritten through the Tanzania Energy Coinsurance Consortium (TECC).
AXA XL has appointed to its India branch Mr Akash Jain as underwriting assistant; Mr Alok Shukla as CEO of XL Insurance Company - India Reinsurance Branch; Ms Priya Manchanda as claims specialist; Mr Saumitra Sharma as CUO; Mr Saurabh Bhootara as property, energy and construction underwriter and Mr Vinod Kumar as assistant underwriter.
Canopius has appointed to its APAC leadership team Ms Chiu Channing as regional strategy and transformation lead and Mr Zhang Chen as head of claims, APAC.
Arch Insurance has appointed Ms Relanda Taing as new senior underwriter for professional indemnity for the Northern Region.
Demand for D&O insurance covers in India is growing at 25%-35% and is driven by greater board accountability, investor pressure and regulatory interventions. According to data collated and analysed by Policybazaar Business there is a clear shift from compliance-driven purchases to proactive risk management - boards now view D&O coverage as essential, not optional.
Ignyte Insurance has been officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world, including Australia.
Specialty MGA Africa & Middle East has appointed Ms Laila El Bahtouri as treaty senior underwriter and Mr Mohamed Bader Bouananir as senior underwriter for specialty lines.
Liva Insurance, a leading GCC insurance provider, and Relm Insurance, which is dedicated to emerging sectors, yesterday announced that they have secured UAE Central Bank approval for their dedicated multi-line insurance solution for Web3 businesses.
The Federation of Egyptian Insurance Companies (FEIC) has highlighted the importance of risk engineering as a strategic tool in risk management and insurance.
Africa Specialty Risks (ASR) has appointed Mr Trevor Oates as head of reinsurance.