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Financial Institutions
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…
AMIG Launches First Micro Insurance Policy
Arab Misr Insurance Group (AMIG) is about to launch the first micro insurance policy for individuals and families…
“Egyptian Company for Insurance Brokerage” exits the Market
An insurance source in a major insurance brokerage company, expected the sector to witness bankruptcy of 20…
CIS Chairman: Elections Are Not Forged
Abdel Monem Bakheet, chairman of Cooperative Insurance Society-Egypt, criticized some employees at CIS who claimed…