The MENA region still attracts so many capacities

Kuwait City © Paasikivi, CC BY-SA 3.0

The recent increase in infrastructure expenditure and the regain of consumer confidence have enabled real estate and local financial markets to bounce back. These developments, combined with the introduction of new compulsory covers, have stimulated demand for reinsurance despite the slight increase in retention.

Although a few major players have reduced their exposure in the countries of the Gulf Cooperation Council, the global reinsurance capacity remains very high and will continue to increase.