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Reinsurance

MENA reinsurance market requires long-term view

In gearing up for the Dubai Rendezvous, we look at the reinsurance trends in the region where excess capacity is predicted to retreat sooner rather than later as investors suffer losses in a tough market. But for those that are in it for the long haul, finding the right balance between portfolio size and volatility is key to writing business profitably, says Mr Johannes Goebel of Qatar Re.

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Taking the pulse of the market

Ms Susan Dingwall and Mr Martin Schneider of Norton Rose Fulbright LLP see increased opportunities for the insurance sector in a region where more private sector involvement in the economy is expected as governments lower barriers to foreign direct investments in the face of fiscal tightening.

Pressure on reinsurance market persists

Excess capacity, increase in large losses, and stagnating amount of insurable risk in the near to medium term, are some of the factors contributing to persisting headwinds for reinsurers in MENA, especially for regional entities, say Messrs Myles Gould and Mahesh Mistry of A.M. Best.

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