Lockton Sime Malaysia has appointed Mr Siva Thangavelu as COO. He brings more than 20 years of financial services experience across banking and insurance to the role.
Saudi Arabian Cooperative Insurance Company (SAICO) has appointed Mr Khalid Ali Ballow as Acting CEO, effective 21 May 2026, according to a bourse filing on the Saudi Stock Exchange (Tadawul).
Rising geopolitical tensions have increasingly affected insurance markets across the GCC, driving stronger demand for specialty insurance products such as war-risk, marine, political risk, and cyber insurance, according to Dubai-based investment banking advisory firm Alpen Capital.
Geopolitical volatility has fundamentally reshaped aviation risk across Asia-Pacific, as conflict zones have become less predictable and can escalate rapidly, affecting airspace, ground assets and liability exposure with little warning, according to Tokio Marine Kiln Head of Aviation Asia Pacific Nomdo Kruis.
The armed conflict in the Middle East has led to "increased operational and insurance complexity for Asian airlines", according to Aon's Associate Director for Aviation in Asia Ms Vanessa Chen.
Moving cargo in and out of countries by air has been impacted by the conflict in the Middle East, even as flights in and out of the region have started to return to normal.
The Beijing Commercial Aerospace Insurance Co-insurance Pool has unveiled two landmark resources: a comprehensive aerospace insurance database and a standardised operating manual for launch drop-zone claims services.
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.
Al-Etihad Cooperative Insurance has announced the appointment of Mr Tareq Fahad Bouresly as Managing Director of the company for a six-month period.
A Beijing-based insurance consortium has provided more than CNY10bn ($1.47bn) in coverage for 25 private commercial space launches in its first year, according to the Beijing Financial Regulatory Bureau.