Pirates fired guns and rocket-propelled grenades at a liquefied natural gas tanker off the coast of Oman on Wednesday, and three shots hit the vessel, the International Maritime Bureau’s anti-crime arm said. “Pirates in a dhow armed with guns and …
A chemical oil tanker foiled a hijack attempt by pirates near the Omani port of Salalah on Sunday, a day after a tanker and crew were snatched from inside the port in front of the coast guard. “Pirates in a …
A.M. Best Europe – Rating Services Limited has affirmed the financial strength rating of ‘B++’ (Good) and the issuer credit rating of “bbb” of Oman’s National Life & General Insurance Company SAOC (NLGIC); however, best’s outlook on both ratings remains …
RSA has announced the appointment of Lloyd East as Managing Director for Al Ahlia Insurance SAOC, part of the RSA Group. He has “over 20 years experience in the financial services industry having led joint ventures, strategic alliances and strong …
Suspected Somali pirates captured a U.S.-bound tanker carrying around $200 million worth of crude oil in the Indian Ocean on Wednesday in one of the biggest hijackings in the area so far. The Irene SL, the length of three soccer …
Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized in May and released on Monday. Here are details …
The French-based AXA Group has appointed Jérôme Droesch as CEO for the Gulf region. He was previously Regional CEO for the South-West region of AXA France, and replaces Jean-Louis Laurent Josi, who has been named CEO of AXA Japan. Droesch, …
Zurich Financial Services Group announced today that its subsidiary, Zurich Insurance Company Ltd, has completed the acquisition of 99.99 percent of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates, Kuwait and …
Willis Group Holdings announced the appointment of Mike Lack as an Executive Director of its London-based downstream energy team, effective immediately. He will report to Justin Blackmore, Managing Director of Willis Energy Downstream. Lack has over 40 years experience in …
Zurich Financial Services Group announced that its subsidiary Zurich Insurance Company Ltd, has signed an agreement to acquire 99.98 percent of Compagnie Libanaise D’Assurances SAL, a privately owned Lebanese insurer with branch operations in the United Arab Emirates (UAE), Kuwait …
