Monday 22 December 2014
 
»
Tag
 
»
Reinsurance

Mena reinsurance markets stay on growth track

Growing insurance premiums and a relatively low exposure to natural perils are the main attractions which are driving the unabated growth of Mena reinsurance markets, a report said. Fierce competition, intense pricing pressure and

More…

Islamic trade finance fuels GCC reinsurance demand

The spread of Islamic trade finance is boosting demand for sharia-compliant reinsurance in the Gulf, trade credit insurer Euler Hermes says, predicting the sector could eventually account for over a third of its business in the region.

More…

London's XL launches reinsurance ops in Mena

UK-based XL Group's reinsurance segment has announced the establishment of new operations in Dubai to serve the Mena market and act as a regional hub for the business. Further, XL Group has announced the appointments of Mohama

More…

Arig eyes prudent approach

Bahrain-based Arab Insurance Group's (Arig) top management is eyeing a prudent approach this year as the reinsurance major expects a testing trading environment ahead. Chairman Khalid Al Bustani told shareholders at the compan

More…

NY financial regulator probes insurers over Iran links

New York's financial regulator has asked Lloyd's Banking Group and Swiss RE for details about dealings linked to Iran as part of a probe into 20 non-US reinsurance firms, the Wall Street Journal reported. Citing a copy of

More…

Japan group acquires 25.7pc stake in Medgulf

Japan headquartered Orix Corporation has acquired 25.7 per cent stake in Bahrain-based The Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf), a report said. The stake was acquired for $2.24 million, reported the G

More…

Trust Re raises capital, eyes expansion

Bahrain-based Trust International Insurance and Reinsurance Company (Trust Re) has increased its paid-up capital to $140 million and authorised capital to $200 million, a report said. The move was announced during a Press conferen

More…

Arab Spring pushes reinsurance costs up 400pc

The cost of reinsurance has spiralled across the region by some 400 per cent since the advent of the Arab Spring and that is having a major impact on the insurance industry. That will be one of the key issues to be discussed at a

More…

Arig investors worried over dividend failure

The shareholders of Arab Insurance Group (Arig), a leading insurance and reinsurance company based in Bahrain, yesterday voiced their concerns over the company's performance during their annual general meeting. They were parti

More…

India plans fund to cover refiners using Iranian oil

India plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned they would be forced to halt imports from the sanctions-hit nation, the federal oil secretary said on Sunday.

More…
 1 2 3 4 5 >  Last ›

calendarCalendar of Events

Ads