Demand for D&O insurance covers in India is growing at 25%-35% and is driven by greater board accountability, investor pressure and regulatory interventions. According to data collated and analysed by Policybazaar Business there is a clear shift from compliance-driven purchases to proactive risk management - boards now view D&O coverage as essential, not optional.
Ignyte Insurance has been officially launched as a specialty insurance platform dedicated to acquiring, scaling and accelerating high-performing insurance brands in niche markets around the world, including Australia.
Specialty MGA Africa & Middle East has appointed Ms Laila El Bahtouri as treaty senior underwriter and Mr Mohamed Bader Bouananir as senior underwriter for specialty lines.
Africa Specialty Risks (ASR) has appointed Mr Trevor Oates as head of reinsurance.
Liva Insurance, a leading GCC insurance provider, and Relm Insurance, which is dedicated to emerging sectors, yesterday announced that they have secured UAE Central Bank approval for their dedicated multi-line insurance solution for Web3 businesses.
The Federation of Egyptian Insurance Companies (FEIC) has highlighted the importance of risk engineering as a strategic tool in risk management and insurance.
Managing general agents (MGAs) have to adapt to the increasing focus on environmental, social and governance (ESG) in the aviation and energy insurance segments in the Middle East, as in the wider insurance market.
AM Best has upgraded the Financial Strength Rating to 'B++' (Good) from 'B+' (Good) and the Long-Term Issuer Credit Rating to 'bbb' (Good) from 'bbb-' (Good) of Bahrain-based FAIR Oil & Energy Insurance Syndicate (FOEIS) with a 'Stable' credit rating outlook for both.
The 1 April reinsurance renewal season saw mixed outcomes due to continued uncertainty around war-related losses and macro volatility.
In the APAC region, Aon has appointed Mr Soeren Soltysiak as Asia CEO of Reinsurance Solutions, Mr Musa Adlan as managing director, Asia, for Reinsurance Solutions, Mr Pierre Vende and Mr Danny Alexander as co-heads of life and health Reinsurance Solutions, Ms Soojin Kim and Ms Cindy Gu as co-heads of retrocession APAC for Reinsurance Solutions and Mr Tom Drake as chairman of Reinsurance Solutions Speciality, APAC.