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Financial Institutions
EU Expects G20 To Increase Support To IMF
The European Union expects leaders of the world's 20 biggest economies (G20) to agree to contribute more money to…
Qatar’s SEIB Launches Small Business Insurance Solutions
SEIB Insurance and Reinsurance LLC (SEIB) launched its new insurance product, 'Maktabi', targeted at small…
ECB’s Constancio: IMF Needs More Resources
The International Monetary Fund needs more resources to tackle challenges in the global economy, not just Europe,…
Wethaq Renews Unionaire’s Marine Cargo Insurance Policy
Wethaq Takaful Insurance Company renewed the marine cargo insurance policy of Unionaire Group for 2012, giving a…
World Bank Revives “Curry” Bonds
News that the World Bank is set to issue as much as USD4.3bn in rupee bonds has revived talk of the viability of a…
Delta Insures Ports And Dry Land’s Workers
Delta Life Insurance signed the insurance policy covering the workers at General Authority For Ports & Dry…
USD 370 billion; Last Year’s Highest Economic Losses in History
The insurance industry weathered 2011 soundly despite experiencing the second-largest insured losses ever, at USD…
IIFM launches Standard Template for Islamic Profit Rate Swap
Global standard-setting bodies have launched a standard contract template for Islamic profit rate swaps (PRS), in a…
Lloyd’s of London Loses On 2011 Natural Catastrophes
The insurance market Lloyd's of London has announced a loss for 2011, saying it was its worst year for catastrophe…
Kuwait’s FH To Sell Unprofitable Assets
Chief Executive Officer of Kuwait Finance House (KFH) Mohammad Al-Omar has unveiled plans to restructure, merge or…