This year's edition of the Middle East Insurance Industry Awards (MIIA) continues to gain traction despite the challenging business and geopolitical environment. It remains clear that companies and individuals are determined to deliver their best and showcase their resilience.
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.
Marine insurers have introduced new measures to restrict war risk coverage for ships operating in parts of the Red Sea, the Gulf of Aden and the Indian Ocean.
Najm, the national platform powering motor accident management across Saudi Arabia, has entered into a strategic partnership with Solera, the global leader in vehicle lifecycle management and claims solutions, marking a significant milestone in the company's expansion across the Middle East.
Corporate & Specialty insurer HDI Global has delivered a robust first half of 2026, driven by disciplined underwriting, lower large loss payments, and an increased investment result. In the Middle East, HDI Global Dubai continued to strengthen its regional presence by expanding its specialist capabilities and supporting clients navigating increasingly complex risks across key sectors including infrastructure, construction, energy and cyber.
Mandarin Re, a specialty property and casualty reinsurance company, has increased its paid-up capital to $26m.
Manulife has appointed Mr Jeremy Young as Chief Distribution Officer, International Brokerage, Global High-Net-Worth.
Swiss Re has announced the appointment of Mr Damien Bartlett as Head of Market Unit Life and Health for Middle East and Africa, effective 1 November 2026; and the promotion of Ms Karen Tan to the role of CUO for L&H Re, effective 1 October 2026.
Gallagher has promoted Mr Andy Winwood to the role of Senior Executive Officer for the Middle East and Africa, subject to regulatory approval.
AXA XL, the P&C and specialty risk division of Paris-headquartered AXA Group, has reported a EUR100m ($115.4m) loss related to the Middle East for the first half of this year.