United Arab Emirates Ends Boycott, Opening Commerce With Israel August 31, 2020 By Jon Gambrell DUBAI, United Arab Emirates —The ruler of the United Arab Emirates issued a decree Saturday formally ending the country’s boycott...
Zurich Insurance Plans to Exit P&C Business in Middle East After Strategic Review November 30, 2015 By Sarah Jones Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of...
A.M. Best: Middle Eastern Insurance Market Primed for M&As, Stakebuilding May 18, 2015 Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers...
A.M. Best: Takaful Operators Struggle With Fierce Competition, Profitability April 14, 2015 The significant premium growth in the global takaful sector is expected to continue and reach USD$20 billion by 2017, with...
Lloyd’s Opens Specialist Underwriting Platform in Dubai March 11, 2015 Lloyd’s has opened a new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East. This...
U.K.’s RSA Considers Sale of Middle East Business January 16, 2015 By Aaron Kirchfeld, Ambereen Choudhury and Dinesh Nair RSA Insurance Group plc is considering the sale of its Middle Eastern business as the U.K. insurer seeks to raise...
A.M. Best: Rated Middle Eastern Insurers Well-Capitalized; Reliant on Reinsurance December 22, 2014 Insurers in the Middle East have strong levels of risk-adjusted capital, although they continue to rely heavily on reinsurance protection...
Zurich Names Hartigan as CEO Global Life for Pacific, Middle East November 5, 2012 Zurich has announced the appointment of Mark Hartigan (49, British citizen), currently Head of Strategic Business Development Global Life, to...
Willis Sees Threats on Horizon for Booming Latin American Energy Industry October 10, 2012 “The booming Latin American energy industry is not insulated from the threat of a euro zone collapse or hostilities in...
Ratings Recap: Oman Insurance, Abu Dhabi National, NLGIC, MEICO August 24, 2012 A.M. Best Europe – Rating Services Limited has revised the outlook to stable from negative and affirmed the financial strength...