Lockton Global Energy provides professional, cost-effective risk transfer and insurance solutions for our clients in the energy industry

CORPORATE

Property & Business Interruption

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Protecting your assets

Property and business interruption insurance varies considerably, depending on your risk profile and business footprint. Lockton’s specialists will work closely with you to create custom made solutions that deliver optimum value.

The Lockton approach to programme design and placement has a proven record of accomplishment in extracting exceptional results from the insurance market for our clients. 

Our large property portfolio is diversified and spread across the Middle East and North Africa Region. Our experts will act as an extension of your team to accurately identify, develop and implement the property programme that is right for you.

What we bring to your business

  • Our team will work closely with you to put forward a creative approach to leverage markets and optimize coverage at the most competitive costs.

  • At Lockton, we believe one of the most important aspects of property insurance is the quality of your submission. We use our expertise and knowledge of the market to guide you in the best way to present your business to underwriters.

  • We take pride in our relationships with underwriters throughout the global marketplace. This allows us to negotiate directly with the insurers that have the corresponding expertise and knowledge in the appropriate territory so we are able to obtain the best deal for you.

  • Through transparency, professionalism and commitment, Lockton in MENA strives to achieve the best coverage possible for our clients using the expertise and widespan of our regional and international offices.

Our services and areas of expertise

  • Detailed Business Interruption analysis  

  • Direct involvement in face-to-face brokering of accounts to most senior underwriters

  • Assistance with complex claim recovery

  • Market updates and assistance with preparation of management reports

  • Preparation of bespoke underwriting submissions specifications

  • Assistance with complex claim recovery

  • Review of coverage terms and policy wordings.

  • Custom made property policy to fit our client specific needs

Key Contacts

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Naji Abboud

Head of Facultative
Naji.Abboud@mena.lockton.com
+971 56 696 6785

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Eliano Merheb

Head of Property
Eliano.Merheb@mena.lockton.com
+971 50 361 0490

General Inquiries

General Enquiries

contact@mena.lockton.com

Latest news and insights

An increasing number of construction companies are turning to modular construction to take advantage of potential efficiencies and cost savings. However, insurers do have some concerns about this technology that need to be addressed to ensure there is appropriate insurance cover in place for such projects.  Addressing insurer concerns regarding modular construction

Exploring the use of AI in healthcare

Artificial Intelligence (AI) is already being used to increase efficiency and accuracy in a wide range of healthcare areas, and healthcare service providers are currently exploring many more applications for the technology. Insurers need to be kept informed from the beginning of the development of new tools to ensure that the healthcare provider will be protected against the risk of a negative outcome triggering a claim. Artificial Intelligence (AI) is already being used to increase efficiency and accuracy in a wide range of healthcare areas, and healthcare service providers are currently exploring many more applications for the technology. Insurers need to be kept informed from the beginning of the development of new tools to ensure that the healthcare provider will be protected against the risk of a negative outcome triggering a claim.

Law firm mergers: an overview of liability issues

Whatever the rationale, how liabilities are dealt with after the completion of an acquisition, and the potential impact this may have on Professional Indemnity Insurance, are issues that warrant special attention. And now so more than ever, with continued low appetite to insure many firms, the increased selectiveness by insurers in who they are prepared to insure, and of course the steep rise in PII premiums over the past few years. Whatever the rationale, how liabilities are dealt with after the completion of an acquisition, and the potential impact this may have on Professional Indemnity Insurance, are issues that warrant special attention. And now so more than ever, with continued low appetite to insure many firms, the increased selectiveness by insurers in who they are prepared to insure, and of course the steep rise in PII premiums over the past few years.

Key considerations when merging company cultures

A failure to merge cultures is one of the primary causes of mergers and acquisitions (M&A) deals to collapse. For the best chance of success, therefore, it’s important for companies to adopt a people-first, culture-oriented approach to M&A.A failure to merge cultures is one of the primary causes of mergers and acquisitions (M&A) deals to collapse. For the best chance of success, therefore, it’s important for companies to adopt a people-first, culture-oriented approach to M&A.
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