Saudi Arabia: Regulation on Saudisation of all insurance sales jobs takes effect

Published on April 1, 2024
The Ministry of Human Resources and Social Development has announced that the government's decision to Saudise all jobs related to the sales of insurance products had taken effect from 15 April.
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Morocco: Societe Generale pulls out of local insurance and banking units

April 1, 2024
Paris-headquartered Societe Generale (SG), the French financial services giant, has announced that it had reached an agreement to sell its Moroccan subsidiary to financial group Saham, for EUR745m

Middle East: Howden launches Red Sea cargo war risk facility

April 1, 2024
Global insurance broking group Howden has launched a new cargo war risk facility to protect vessels from drone and missile strikes by Yemeni-based militia groups in the Red Sea.