-

AM Best’s Annual Market Briefing on State of MENA (Re)Insurance Markets Returns to Dubai

LONDON--(BUSINESS WIRE)--AM Best’s annual MENA Insurance Market Briefing will be held on 18 October 2020, at 9:00 a.m. (GST), at The Address Boulevard in Dubai to discuss the insurance and reinsurance markets of the region.

The Middle East and North Africa (MENA) region’s (re)insurance markets can be characterised as highly competitive and fragmented. Economies across the region are highly sensitive to energy prices as well, with many having a high correlation between oil prices and GDP growth. AM Best in early 2022 revised its market segment outlook on the Gulf Cooperation Council Insurance (GCC) region to stable, as insurers have largely demonstrated resilience in the face of the COVID-19 pandemic and subsequent economic disruptions. These issues and other market forces will be discussed at the briefing.

Peter Englund, senior executive officer, Middle East, Zurich Insurance Company Ltd, will deliver the keynote presentation at the event, titled, “Operating in the DIFC Over the Years.” Additionally, senior members of the AM Best team will review recent developments in the MENA region and try to anticipate their impacts in the short-to-medium term.

The event will conclude with a networking lunch for attendees to connect with AM Best and other industry professionals. To view the agenda and register, please visit http://www.ambest.com/conferences/imbMENA2022.

To preview the briefing with a recent discussion on the state of MENA (re)insurance markets, with Vasilis Katsipis, general manager, market development, in AM Best’s Dubai office, please go to http://www.ambest.com/v.asp?v=ambmena822.

AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2022 by A.M. Best Company, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

Industry:

AM Best

Release Versions
English

Contacts

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com

More News From AM Best

Best’s Insurance Law Podcast Examines How to Navigate Toxic Tort Litigation

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best and Best’s Insurance Professional Resources have released the latest installment of the Best's Insurance Law Podcast series, which examines timely insurance issues from a legal perspective. The latest episode features Dr. Ernest Chiodo, who discusses elements that must be proven in toxic tort litigation and what types of experts are necessary in these cases. Dr. Ernest Chiodo is a qualified member in Best’s Insurance Professional Resources, which has feat...

AM Best Assigns Credit Ratings to New England Indemnity Company

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-” (Excellent) to New England Indemnity Company (NEIC) (Bedford, NH). The outlook assigned to these Credit ratings (ratings) is stable. The ratings reflect NEIC’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management. The balance shee...

Best’s Market Segment Report: AM Best Revises Global Reinsurance Outlook to Stable from Positive, Notes Accelerated Softening in Property Pricing

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised its outlook for the global reinsurance segment to stable from positive, citing an acceleration of reductions in property reinsurance pricing and continuing challenges in the U.S. casualty space as being among its key considerations. While there has been some loosening in terms and conditions, the newly issued report notes that higher retentions imposed upon ceding companies in recent years have largely held, which AM Best views as a favorable...
Back to Newsroom