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Financial Institutions
IMF: Lebanon Needs More Work To Reduce Debts
The International Monetary Fund (IMF) has said Lebanon has not made much-needed efforts to reduce the country's…
S&P: GCC Insurers Depend On Health Insurance
Regulatory change has favored health insurance, making it one of the main engines of revenue growth for the…
Allianz CEO: Europe Stimulus Programs May Widen Deficit
Programs to spur the economy in euro zone debtor countries are risky if they are financed through more deficit…
Aviva’s Andrew Moss Steps Down After Shareholder Revolt
The chief executive of Britain’s second-biggest insurance group Aviva stepped down on Tuesday, becoming the latest…
Adel Shaker Elected As Chairman of EIBA
Egyptian Insurance Brokers Association (EIBA) held an annual general meeting to elect a new board of directors.…
Wethaq Eyes EGP 7 Mln Net Profit In FY 2012/2013
Wethaq Takaful Insurance Egypt targets achieving net profit of EGP 7 million in the next FY 2012/2013. Shareholders…
Delta Insurance Holds Negotiations Over New Investment Fund
Delta Insurance suspended negotiations with a bank over launching an investment fund, due to the current unrest in…
Swiss Re obtains USD 400 million in natural catastrophe protection through bonds issued by…
Swiss Re Ltd. secures USD 400 million in natural catastrophe coverage through a newly-formed issuer Mythen Ltd., a…
Abu Dhabi National Takaful Q1 Profit Posts AED 6.1 Mln
Abu Dhabi National Takaful Company P.S.C (Takaful), announced financial results for the period ended 31 March 2012,…
S&P Affirms Saudi Re’s Rating At BBB+; Stable Outlook
Standard and Poor's has affirmed Saudi Re's financial strength rating at BBB+ with a stable outlook. S&P…
