Middle East: MGAs grow at pace

Published on October 1, 2024
In the Middle East, there is a highly active MGA market in the UAE, where MGAs are playing a key role in the growth of the wider insurance market in the region, according to Global Insurance Law
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Beazley appoints Bantick CUO, Greenwood named Beazley Furlonge Limited CEO

October 1, 2024
Specialty insurer Beazley has appointed Paul Bantick as Chief Underwriting Officer (CUO), effective immediately, and Bethany Greenwood as Chief Executive Officer (CEO) of Beazley Furlonge Limited, the company’s Lloyd’s managing agency, subject to regulatory approval.Bantick is taking over the CUO role from Bob Quane, who is to retire. While the process of appointing Bantick’s successor is ongoing,

Insured losses from Central Europe floods seen at up to $3.4bn by Verisk

October 1, 2024
Global data analytics and technology provider, Verisk’s Extreme Event Solutions arm has estimated that insured losses from September flooding in Czechia, Poland, and Austria will land between $2.2 billion (€2bn) and $3.4 billion (€3bn).From September 12th to 16th, severe flooding driven by an extreme amount of rain impacted large parts of Central Europe. This weather event was caused by a Vb weath