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MarketConfirmedOmanUAESaudi ArabiaQatarBahrainKuwait
Gulf war-risk premiums jump as Hormuz vessel attacks resume
War underwriters have repriced Strait of Hormuz transits sharply after three vessels were struck this week, with hull war-risk cover now running at roughly 2 to 6 per cent of vessel value against a fraction of a per cent before the conflict. Some are advising owners to pause voyages altogether, a signal that Gulf marine and energy insurers should expect volatile, seven-day-renewed terms for as long as the standoff persists.
MarketConfirmedSaudi ArabiaUAE
Gulf cedants win double-digit property-cat cuts at 1 July renewals
Gallagher Re reports Middle East buyers secured meaningful risk-adjusted reductions at the 1 July treaty renewals, with loss-free property catastrophe programmes down 15 to 25 per cent as record global capacity chases growth. Competition was fiercest on Saudi proportional business, while UAE flood exposure drew closer scrutiny on data quality without denting available capacity.
MarketCorroboratedUAEQatarBahrainKuwaitSaudi ArabiaOman
EASA lifts wider Gulf airspace warning, easing travel-cover strain
EASA let its broad Middle East and Persian Gulf conflict-zone bulletin lapse on 8 July, replacing it with a lower-tier information note for the UAE, Qatar, Bahrain, Kuwait, Saudi Arabia and Oman while keeping firmer bulletins on Iran, Iraq and Lebanon. The downgrade lets travel insurers that had restricted or excluded Gulf cover restore capacity, though war and armed-conflict exclusions still apply.
CompanyConfirmedUAE
GlobeMed Gulf and Mubadala Health Dubai strike provider-network deal
GlobeMed Gulf, one of the region's larger health-benefits administrators, has signed a cooperation agreement with Mubadala Health Dubai to plug its insurer and employer clients into the M42-backed provider network, spanning diagnostics, day surgery, paediatrics and rehabilitation. The tie-up is a further step in the knitting together of managed-care and provider access across the UAE health-insurance market.
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