The Insurance and Social Welfare Supervisory Authority (ACAPS) and the Moroccan Insurance Federation (FMA) announced the entry into force of the compulsory 'workshop risk' and 'decennial liability' insurances, starting 30 December 2024.
Africa Specialty Risks (ASR), the Africa and Middle East focused (re)insurance group, announces the launch of the first Africa Focused Lloyd's Consortium.
Doctors in Bahrain will likely be required to acquire medical liability insurance to protect against claims of medical errors, under a proposed law that seeks to consolidate scattered and outdated liability regulations into a single framework.
International Transport Intermediaries Club (ITIC), the world's leading professional indemnity (PI) insurer for transport professionals, is increasing its focus on the aviation industry by launching a new "Aviation Rule Book", the rule book is the policy wording on which all policies for aviation assured's will now be based. As ITIC's aviation portfolio continues to grow, so does the need for a bespoke insurance solution tailored to meet the distinct demands of this dynamic sector.
Clyde & Co has appointed Ms Hermoine Hui as partner. She focuses on insurance litigation and advises life and non-life insurers on policy-related matters. In her new role, she will further grow the firm's large insurance offering in Asia and support its wider international insurance practice.
DAC Beachcroft (DACB) has opened a new office in Hong Kong with two appointed partners, Mr Ross Risby and Mr Wai Yue Loh.
Driven by M&A activity, warranties and indemnities insurance for deals in Africa has grown significantly during the past decade, according to a report published by the international law firm, White & Case.
Insurance companies are seeing a boost in demand for professional liability insurance (PII) in the healthcare field, according to CoverYou CEO and co-founder Deepanker Mahajan, an insurance broker dedicated solely to the healthcare industry.
Increased deal volume and sophistication in Saudi Arabia, the recent slowdown of dealmaking in the more traditional markets of the United States and United Kingdom, and the increase in in-bound foreign investment have collectively resulted in a clear uptick in the usage of warranty and indemnity insurance (W&I Insurance) in Saudi Arabian transactions, says the global law firm, Kirkland & Ellis.
Around 45,000 work accidents occur each year in Morocco, causing nearly 2,000 deaths, according to the national trade union, the Democratic Confederation of Labour (ODT).