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Insurance
StarStone, the specialty insurer and subsidiary of Enstar Group, has entered into a joint venture partnership with Malakite Underwriting Partners, a managing general agent (MGA), in Dubai, and hired a former Swiss Re executive as it targets growth in MENA. 23 January 2017
Insurance
Trust Re has increased its authorised capital to $500 million from $200 million and its issued and paid-up capital to $250 million from $200 million. 10 January 2017
Insurance
Swiss Re Corporate Solutions (Swiss Re CS) has appointed Falk Schmaler as head of Middle East and North Africa (MENA), based in Dubai. 4 January 2017
Insurance
Insurance broker Pacific Prime has partnered with Protection Insurance Services (PIS), a Bahrain-based re/insurance broker, to expand their combined presence in the GCC (Gulf Cooperation Council) region and worldwide. 30 November 2016
Insurance
International brokers and reinsurers are hesitant to enter Iran’s non-life insurance market, despite the experts seeing vast opportunities in the country following the removal of US and UN sanctions in January, according to Axco Insurance Information Services. 15 November 2016
Insurance
QIC Group has experienced substantial growth in the first nine months of 2016, although its net profits only increased slightly which the group attributes to tough market conditions. 26 October 2016
Insurance
Trust International Insurance and Reinsurance Company (Trust Re), a Bahrain-based reinsurer, has appointed Cherif Chentir as an independent non-executive director. 19 October 2016
Insurance
The reinsurance markets in the Middle East and North Africa are expected to harden over the next 12 months as a result of a series of major insured losses which affected the region in the past year and the subsequent retrenchment of some leading market participants. 6 October 2016
Insurance
Motor insurance remains one of the most fiercely competitive business segments in the Middle East, according to a report by AM Best, that highlights the challenges facing insurers writing this business in the region. 4 October 2016
Insurance
Loss adjuster McLarens has launched an office in Dubai in a bid to further support clients in the region. 14 September 2016
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