Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed to the energy, power and construction risk engineering team across MENA: Mr Richard Mundy as Principal Risk Engineer - Energy, Mr Sam McLachlan as Risk Engineer - Construction and Mr Taz Chowdhury as Risk Engineer - Power.
MNK International has appointed Mr William Wakeham as Managing Director of its new international energy division. The new division will focus on selected markets across Africa and the Middle East, alongside other territories, and work with insureds, local brokers and cedants.
China has established a new property and casualty insurer as part of its latest effort to resolve risks at a financially troubled insurance company, continuing a regulatory approach that transfers business to newly created entities while winding down financially-stricken insurers.
Guangzhou-headquartered Pearl River Life has been engaged in risk resolution efforts, highlighted by a recent announcement about changes in shareholdings.
MNK International has appointed Mr William Wakeham as Managing Director of its new international energy division. The new division will focus on selected markets across Asia, alongside other territories, and work with insureds, local brokers and cedants.
Consilium has appointed Mr Ben Compton as Associate Partner. He is the latest senior member to join the company's cedant facultative risk solutions team in Singapore, which has also been granted its broking license from the Monetary Authority of Singapore.
Although global natural disaster losses reached $112bn in the first half of 2026-slightly below the ten-year average of $113bn-Asia-Pacific faces growing climate-related threats, according to Munich Re.
The Insurance Council of Australia (ICA) has called for stronger collaboration between governments and insurers amid rising insurance costs, growing disaster risks, and the need to improve customer outcomes.
The Moroccan insurance industry posted a combined net income of MAD5.3bn ($566m) in 2025, which represents a jump of 21.4% over 2024, as the sector benefitted from the strong performance of the financial market, according to the 2025 Annual Financial Stability Report.
Moody's Ratings (Moody's) has said that its outlook for credit fundamentals for sovereigns in the Middle East and North Africa (MENA) has changed to negative from stable.