(Re)insurers in the Middle East will be closely monitoring the conflict taking place in the region as it spreads across the countries in the GCC and the Levant region.
Global trade credit risk management group Coface has forecast global growth of 2.6% this year, a slight easing from 2.8% in 2025. The forecast was made before 28 February when the US-Israel vs Iran military conflict began.
The attacks on Iran by the US and Israel, followed by retaliatory strikes by Iran on several countries allied to the US, including the UAE and Saudi Arabia, will have a profound impact on the insurance market at large. India is also likely to be significantly impacted.
Corporate and specialty insurer HDI Global has launched "Xcelerate29", its strategy cycle for 2026 to 2029, highlighting South-East Asia as a vital region for expansion. The firm said the plan focuses on "targeted international expansion, excellence in the core business, and establishing HDI Global as one of the top employers in the financial services industry."
Markel Insurance has promoted Mr Phil Amlot to the position of Head of Trade Credit for Markel International.
Saudi Arabia and Syria have signed a multi-billion-dollar investment package spanning aviation, energy, real estate and telecommunications, to rebuild the latter country after a 14-year civil war.
Etihad Credit Insurance (ECI) has shown steady portfolio growth, with gross exposure reaching AED10.9bn ($3bn) at end-2025 (end-2024: AED10.4b; end-2023: AED9.5bn), notes Fitch Ratings.
The credit and political risk insurance (CPRI) market recorded another strong year in 2025, with growth and performance standing out despite global economic and geopolitical headwinds, according to the latest analysis by reinsurance broker Howden Re, released yesterday.
audi Export-Import Bank (Saudi EXIM) has signed a first-of-its kind critical metals master insurance policy with Trafigura Group, a market leader in the global commodities industry, to support multi-year prepayment transactions with mining companies worldwide, with an expected value of up to SAR3bn ($800m).