Rising geopolitical tensions have increasingly affected insurance markets across the GCC, driving stronger demand for specialty insurance products such as war-risk, marine, political risk, and cyber insurance, according to Dubai-based investment banking advisory firm Alpen Capital.
Price Forbes has announced the appointments of Mr Alvin Dye, Mr Kagiso Sephiphi and Mr Paul Jacobs to its newly formed construction team in South Africa. The appointments form part of a joint venture with Price Forbes' London construction team.
For the insurance industry, and especially the Political Violence & Terrorism (PVT) business, the war in the Middle East may lead to significant losses in some areas and new risk assessments for selected key industries and regions, according to the "Political Violence and Civil Unrest Trends 2026" report from Allianz Commercial.
Swiss Re has appointed Mr Trent Thomson as Head Global Specialty. He succeeds Ms Anne Lohbeck.
Aon has appointed Mr Adam Rimmer as a Senior Property Specialty Broker and Mr Jimmy Mitchell as Vice President of Global ReSpecialty.
Miller has appointed Ms Lyndsey Bauer as Strategic Delivery Lead, Cyber. In her new role, she will be responsible for developing a more cohesive, joined-up approach to addressing cyber as a risk factor and managing cyber exposure across insurance portfolios.
Orient Insurance, the UAE's leading insurance provider and a subsidiary of Al-Futtaim, has launched four competitive and comprehensive war risk protection solutions, as businesses and individuals are increasingly seeking robust Insurance solutions to help navigate evolving operational and geopolitical risks.
Political risks driven by economic policy still outweigh those from international conflict, according to the ninth annual Political Risk Survey Report by Willis.