UAE: Comprehensive insurance viewed as a lifeline by owners of flood-hit vehicles

Published on May 1, 2024
The UAE insurance industry sees rising demand for comprehensive motor insurance in the wake of severe floods in recent weeks that submerged or swept away vehicles.
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Ryan Specialty completes Castel Underwriting acquisition

May 1, 2024
International specialty insurance firm, Ryan Specialty has completed the acquisition of Castel Underwriting Agencies Limited, a Managing General Underwriting (MGU) platform, from Arch Financial Holdings (UK) Limited and minority shareholders.Headquartered in London and founded in 2014, Castel consists of thirteen MGUs, each having expertise in a specific product niche. The firm has additional offi

AXA XL launches program to mitigate risks of assailant events

May 1, 2024
AXA XL, the property & casualty (P&C) and specialty risk division of global insurer AXA, has introduced its Active Assailant Ecosystem Preferred Partners Network to address the increasing threat of mass shootings in the United States and Canada.Recognising the urgent need for comprehensive solutions to mitigate these risks, AXA XL has assembled a diverse network of technology, safety, and crisis m