Orient Insurance, the UAE's leading insurance provider and a subsidiary of Al-Futtaim, has launched four competitive and comprehensive war risk protection solutions, as businesses and individuals are increasingly seeking robust Insurance solutions to help navigate evolving operational and geopolitical risks.
The hostilities in the Middle East have triggered a surge in discussions and notifications regarding Constructive Total Loss (CTL), but these have not yet translated into a material rise in accepted claims. The industry is seeing a trend where assets remain physically undamaged but are effectively "trapped" in conflict zones.
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).
Oil pollution spreading across the Persian Gulf following recent military strikes around Iran is now visible from space, prompting urgent warnings from experts that the situation could escalate into a major environmental disaster if not contained quickly, according to The Climate Watch, an independent portal providing in-depth coverage of climate change, environment, biodiversity, wildlife, nature conservation, and sustainability issues, with a particular focus on South Asia.
Evidence of oil pollution was found near the coast of Kuwait in early April, with Iran's Islamic Revolutionary Guard Corps claiming it had targeted energy and petrochemical facilities across the region in retaliatory attacks.
The global commercial insurance market entered 2026 with rare tailwinds for buyers, offering broad capacity, flexible underwriting and competitive pricing across many major lines, but the favourable environment sits alongside rising geopolitical, legal and claims-related risks that could quickly narrow options for organizations that delay action, says a new report from Aon.
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.
Indonesia Re assessed that the pressure on the rupiah exchange rate against the dollar has the potential to increase reinsurance costs amid the escalation of conflict in the Middle East.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.
The AIG Board of Directors has announced that effective 1 June 2026, Mr Eric Andersen will become President and CEO of AIG and join the AIG Board of Directors, and Mr Peter Zaffino will become Executive Chair of the AIG Board of Directors, marking the successful conclusion of the company's previously announced leadership transition plan.