Aon has announced two leadership appointments for Japan Global Solutions (JGS), a global that brings together the firm's integrated risk and human capital capabilities to help Japanese multinational clients respond to changes in their domestic market while continuing to expand internationally.
Mitsui Bussan Pana Harrison has announced the appointment of Ms Alice Lim as Head of General Insurance.
Everest Group has promoted Ms Nandini Mani to the role of Senior Vice President, Group Chief Claims Officer.
Santam Syndicate 1918, part of Santam Group, Africa's largest non-life insurer, has appointed Ms Hina Shavdia as COO.
Santam Syndicate 1918 has appointed Ms Hina Shavdia as COO.
Food security risks across South and Southeast Asia are set to rise, raising the potential for unrest and political instability in some of Asia's most exposed economies, including India, Indonesia and the Philippines, according to a new report by risk consultancy firm Verisk Maplecroft.
The authorities have formed a specialised technical committee for pricing coverage offered by the Saudi Pool for Marine War Risk Insurance, according to Mr Tariq bin Ali Al-Fayez, Chairman of the National Insurance Committee at the Federation of Saudi Chambers.
The War, Terrorism, and Political Violence (WTPV) market has entered a materially more complex phase, according to Marsh Re. Middle East losses are being discussed at north of $2bn against an annual gross premium base of approximately $2.5bn, making this likely the first loss-making year for the class since 9/11.
The Insurers Federation of Egypt (IFE) has published 11 recommendations to insurance companies covering maritime and transport risks, responding to on-going developments related to the US-Iran war, and the rapid repercussions on maritime and air traffic, international transport and trade routes.
Saudi Arabia is exploring establishing a state-backed war risk insurance programme to reduce insurance costs for ships and cargo as risks escalate in the region.