Middle East

Dubai-based Yallacompare raises $8m for MENA expansion

Dubai-based financial comparison platform Yallacompare has raised $8 million in its latest round of funding, led by venture capital firm Wamda Capital and STC...

Iran considering Insurance-Linked Securities market for reinsurance

Iran is considering the development of new financial products, including insurance-linked securities and Islamic bonds, to alleviate the US sanctions on its economy. The...

Turkey’s debt rating hit on concerns over hard landing risks

Turkey’s recent debt rating cuts are stoking fears of the potential for a hard landing due to a depreciating lira, a private credit boom,...

Munich Re backs Mellat Insurance in fresh agreement

Munich Re has recently entered into a reinsurance agreement with Iranian insurer Mellat Insurance. The contract which was finalized at the end of April...

Insurers to capitalise on Saudi Arabia lifting women driving ban

Insurers are set to profit from the recent Saudi Arabia announcement to end a longstanding royal policy that prohibited women from obtaining licenses, and...

Ransom Insurance: The US $400 Million Payment to Iran

A political scandal in the United States is shining a spotlight on an obscure and morally-questionable sector of the insurance market: kidnap and ransom...

Trust Re approved as Lloyd’s coverholder

Trust Re subsidiary, Trust Insurance Management (TIM) was approved as a Lloyd’s of London coverholder, last week. This allows Trust Insurance Management to write business in...

Markel and Talbot team up to launch D&O binder in Dubai

Markel International and Talbot Underwriting have teamed up to provide a new binder facility with a capacity of up to a maximum of £21...
spot_imgspot_img