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).
The Insurance Federation of Egypt (IFE) is promoting employer liability insurance, which contributes to helping companies maintain safer workplaces by improving their risk management.
With the launch of cultural insurance in April 2024 in Saudi Arabia covering artworks and cultural assets, insurance companies are beginning to provide insurance products for the cultural and heritage sector, according to the official spokesman for the Saudi Ministry of Culture, Mr Abdulrahman Almutawa.
Insurance business in the low-altitude economy is expected to take off as demand grows for related services and regulations are gradually improved which facilitates growth.