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July 10, 2025
Faster approvals ahead for Lloyd’s managing agents under new regulatory agreement
The regulatory approval process for Lloyd’s managing agents is being streamlined to reduce authorisation times, following an agreement between the Prudential Regulation Authority (PRA), the Financial Conduct Authority (FCA), and the Society of Lloyd’s. Source: Reinsurance News
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Bilal Jarjour
July 10, 2025
General: nearly 1,000 insurers fail
Close to 1,000 insurance companies failed globally from 2000 to 2024, according to a newly released report. Source: INSURANCEBUSINESS
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Bilal Jarjour
July 10, 2025
Egyptian companies must maximize their retention to avoid global reinsurance crises
According to Mr Adel Fattori, advisor to the BOD of Wethaq Takaful Insurance Egypt, in light of the multiple risks facing the markets, Egyptian insurance companies must determine their capacity in underwriting risks and what can be retained locally. Source: أموال الغد
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Bilal Jarjour
July 10, 2025
Morocco: Resilient insurance sector maintains positive momentum
According to an official media statement, the insurance sector maintained positive momentum, with overall revenue increasing by 5.1% to MAD58.8bn ($6.54bn) in 2024. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Morocco: Insurance sector on a roll propelled by modernization initiatives
The Moroccan insurance sector is entering the second half of 2025 with very favorable momentum, despite the significant disruptions affecting the global economy, according to the Moroccan Insurance Federation. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Qatar’s financial services and insurance sector emerges as key GDP driver
The financial services and insurance sector in Qatar is emerging as a vital pillar of non-hydrocarbon GDP growth. Source: The Peninsula
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Bilal Jarjour
July 7, 2025
Middle East: Rising global trend in use of R&W & W&I insurance expected to be most pronounced in the region
The adoption of deal insurance continues to accelerate as acquirers (and vendors) race to offset risk in an increasingly uncertain dealmaking environment, according to a survey commissioned by the global law firm Norton Rose Fulbright. Source: Middle East Insurance Review
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Bilal Jarjour
July 7, 2025
Egypt: Insurance premiums to exceed EGP90 billion by end of 2024
Mr Alaa El Zoheiry, Chairman of the Insurance Federation of Egypt, stated that the insurance sector in Egypt is witnessing unprecedented growth, with the volume of insurance premiums rising from EGP22 billion in 2017 to over EGP90 billion by the end of 2024. Source: اليوم السابع
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Bilal Jarjour
July 4, 2025
Gulf of Suez: Oil rig sinks… learn about insurance branches required to cover the incident
In Egypt, the Ministry of Petroleum and Mineral Resources stated that OSOCO company reported a sinking incident of the marine barge Adam Marine 12 in the Gulf of Suez. Learn about the insurance coverage that the owning company should have previously prepared. Source: أموال الغد
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Bilal Jarjour
July 4, 2025
UK: Major insurance deal rocks UK market
The British Competition and Markets Authority (CMA) has officially announced its approval of Aviva’s acquisition of Direct Line Group for approximately £3.7 billion (equivalent to $5 billion). Source: Al Morakeb Group
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