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Latest Middle East & Africa News

AM Best downgrades QGIRC ratings

Rating agency issues downgrade, but shifts FSR outlook to stable.

Coronavirus likely to trigger pandemic bonds

DBRS Morningstar says payouts of $132.5m likely from World Bank Group sponsored pandemic catastrophe bonds.

IGI hails 2019 results as strong

CEO bullish on company’s prospects in the MENA region.

IGI gets DFSA approval for Tiberius deal

The deal was announced in 2019 and is now awaiting the approval of the PRA.

AIG appoints new CEOs for Middle East /Africa, Asia Pacific

Steven Barnett, Thomas Lillelund assume new roles.

Howden invests in Abu Dhabi broker partnership

Broker looking to build up size in the TMEA region.

Swiss Re CorSo names Seelan Naidoo South Africa lead

He was most recently regional property and engineering head at AGCS.

S&P revises QIC outlook to negative

Ratings agency identifies ongoing uncertainty whether Markerstudy will pay a £240m loan taken on by Qatar Insurance Company.

QIC reports H1 profit uptick despite political headwinds

Group optimistic despite MENA challenges.

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Reactions April digital issue online now!

This month's magazine issue celebrates 35 years of Reactions, plus features on terrorism, Iran sanctions, reinsurance broking and the run-off market.

The future’s fiercest reinsurance rivals

Comment: A recent PwC report reveals the successful attributes of the reinsurer of the future. One of its most useful insights is for reinsurance firms to recognise future rivals will be in Asia and other developing markets, says Reactions' managing editor Michael Loney.

Interviews

Africa in focus

Africa Re’s group managing director and CEO, Corneille Karekezi, gives his perspective on the outlook for the continent’s reinsurance markets.

Micro insurance consortium: Aspen’s Mario Vitale interview

Developing products that actually meet the needs of those in emerging economies, as well as creating reliable and user-friendly ways of both paying premium and collecting claims, will all determine whether the multi-company multi insurance venture incubator is a success, says Aspen’s Mario Vitale.

Profile: Ace Middle East and North Africa

Steve Dixon, Ace’s regional managing director for the Middle East and North Africa (MENA) suggests that the Arab Spring has spurred the insurer into pursuing new facultative reinsurance opportunities within the region.

Albert Benchimol: Axis Capital ready to thrive

Interview: Albert Benchimol has had a busy year since taking over as CEO of Bermudian insurer and reinsurer Axis Capital, dealing with the ousting of its chairman and Superstorm Sandy losses. He is now confident that a strong period of growth is ahead for his firm.

Interview: John Nelson, chairman of Lloyd's - The internationalist

John Nelson has had a busy first year as chairman of Lloyd’s, with the market’s Vision 2025 plan his biggest contribution so far. He believes the make-up of firms and people at Lloyd’s is not diverse enough.

Aon's Greg Case on insurance broking's future

INTERVIEW: Greg Case, CEO of Aon, believes that the insurance broker can help its customers manage their way through the tough global operating environment and rise to the challenge of new and complex risks by working on a more robust fact basis.

Profile: Martin Sullivan, Willis deputy chairman

Martin Sullivan, who was appointed deputy chairman of Willis last year, discusses his role and objectives now that he has re-invented himself as a broker after formerly being CEO of AIG.

PROFILE: Michael McGavick gets XL Group back to its best

Michael McGavick has led an impressive turnaround at XL Group since he took over with the insurance and reinsurance firm in crisis. He explains how he did it, what lies in store for XL and what he thinks about AIG.

INTERVIEW: Stefan Lippe's quick turnaround

Stefan Lippe has overseen a rapid turnaround at Swiss Re. But he still has much work to do to pay back a capital injection from Warren Buffett, convince rating agencies it deserves to be in the double-A range, and win back the confidence of clients and shareholders.

Latest Issue

May 2020

 

In this month's Reactions

  • Special report on the impact of COVID-19
  • Insurance CIO perspectives
  • Construction market review
  • LatAm in focus

CLICK HERE TO READ THE LATEST ISSUE

 

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