The magazine provides a comprehensive overview and insights into the dynamic Middle East Insurance Industry & Takaful Developments, and the interplay between the two.

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Uganda: Regulator urges insurers to consider M&As

Uganda: Regulator urges insurers to consider M&As

There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
There is a need for insurance players to think about mergers and acquisitions if Uganda is to build a sustainable insurance sector, according to Mr Ibrahim Kaddunabbi, the CEO of the Insurance Regulatory Authority (IRA).
Article / 1 month ago
GCC: Insurance sector sees surge in M&A

GCC: Insurance sector sees surge in M&A

The insurance industry in the GCC saw a surge in M&A with around 33 deals struck between 2021 and 2023. The majority of these transactions took place in 2022, according to UAE-based investment banking advisory firm
The insurance industry in the GCC saw a surge in M&A with around 33 deals struck between 2021 and 2023. The majority of these transactions took place in 2022, according to UAE-based investment banking advisory firm
Article / 2 months ago
Turkiye: AXA acquires life and non-life insurance operations of Groupama to expand Turkish footprint

Turkiye: AXA acquires life and non-life insurance operations of Groupama to expand Turkish footprint

The AXA group has kicked off 2023 with its announcement that it is acquiring the insurance activities of Groupama (Groupama Sigorta and Groupama Hayat) in Turkiye...
The AXA group has kicked off 2023 with its announcement that it is acquiring the insurance activities of Groupama (Groupama Sigorta and Groupama Hayat) in Turkiye...
Article / 1 year ago
UAE: 3 leading local insurers in talks about game-changing merger -- report

UAE: 3 leading local insurers in talks about game-changing merger -- report

Three leading domestic insurance companies are reportedly in advanced talks to merge and form a giant corporation, which would become one of the largest insurance institutions in the UAE.
Three leading domestic insurance companies are reportedly in advanced talks to merge and form a giant corporation, which would become one of the largest insurance institutions in the UAE.
Article / 1 year ago
UAE: Regulators seeking consolidation and international exits or strategic acquisitions will be key drivers

UAE: Regulators seeking consolidation and international exits or strategic acquisitions will be key drivers

Despite the threat of a recession, the M&A market in the Middle East and the insurance industry is still very active, says Ms Roshanak Bassiri Gharb. a partner in the Dubai office of the global law firm Clyde & Co...
Despite the threat of a recession, the M&A market in the Middle East and the insurance industry is still very active, says Ms Roshanak Bassiri Gharb. a partner in the Dubai office of the global law firm Clyde & Co...
Article / 1 year ago

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Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado damage
Turkiye: Agricultural insurance pool pays out US$1.2m promptly for tornado ...
TARSIM, the Agricultural Insurance Pool, has paid out TRY39m ($1.2m) to greenhouse producers in the south...
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Turkish insurers cover insured losses estimated at more than $5bn from Kahramanmaras Earthquake
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The demand for political violence insurance coverage has increased by 25% during the current period due t...
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Middle East: Events in Gaza cast a shadow over Arab insurance markets
Middle East: Events in Gaza cast a shadow over Arab insurance markets
The insurance sector is anticipating an increase in the prices of political violence coverage in the regi...
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Morocco: Earthquake in High Atlas mountains claims more than 2,000 lives
A powerful earthquake that struck the Ighil region of the High Atlas in central Morocco on 8 September ha...
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Saudi Arabia: Vision 2030 strategy to open up huge opportunities to insurers
Saudi Arabia: Vision 2030 strategy to open up huge opportunities to insurer...
Saudi Arabia's Vision 2030 strategy for diversifying its economy involves multiple projects that will cre...
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African insurers cite drought as top risk in agriculture
African insurers cite drought as top risk in agriculture
The top three risks to agriculture in several African countries are drought, followed by floods and extre...
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Turkiye: Nuclear plant insured for nearly US$800m
Turkiye: Nuclear plant insured for nearly US$800m
Akkuyu Nuclear Power Plant (Akkuyu NPP), billed as Turkiye's first nuclear power plant, is insured for nu...
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Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June
Turkiye: Insurers expect to settle 95% of claims from 6 Feb quakes by June
The Turkish insurance industry has assessed that it will be able to pay - by the end of June 2023 - 95% o...
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Turkiye: Regulator addresses quake insurance shortcomings in wake of 6 Feb disaster
Turkiye: Regulator addresses quake insurance shortcomings in wake of 6 Feb ...
Improvements will be made to the systems or infrastructure at the Turkish Catastrophe Insurance Pool (TCI...
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