Thursday 5 March 2015
 
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Insurance

Munich Re, MedNet win top insurance honours

Munich Re and its third party administrator (TPA) MedNet have each won an award at Mena Insurance Awards 2015. Munich Re got the ‘Most Innovative Reinsurer’ and MedNet got the ‘TPA of the year’ award, said

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AIG opens four new branches in Oman

American International Group (AIG), a leading insurance company, has opened four new branches in Oman. The branches, located in Nizwa, Ibri, Salalah and Sur, will allow AIG to further expand its business in the Sultanate where it

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Bahrain Insurance Association elects new board

The Bahrain Insurance Association (BIA) has elected Yahya Nooruddin as the chairman of its board of directors, with Yasser Al Baharna being elected the vice-chairman for the 2015-2016 term. This follows the annual general assembly

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Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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Wethaq Takaful Egypt to launch 2 real estate funds

Wethaq Takaful Insurance - Egypt is set to launch two real estate funds to pump investments up to 500 million Egyptian pounds ($65.5 million) within 2016, according to a report. The funds will include real estate investments varie

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Saudi insurance firm wins top institutional excellence award

Major achievements, innovations and excellence in the regional insurance industry were recognised at an award ceremony along the sidelines of the ongoing 11th Middle East Insurance Forum (MEIF 2015) in Bahrain. The annual MEIF Awa

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New takaful model on way in Bahrain

A new takaful (Islamic insurance) model is being implemented by the Central Bank of Bahrain (CBB) this month onwards and is expected to attract new entrants to the market and foster competition. Speaking at the opening of the 11th

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Transparency 'is vital for insurance sector'

Improved corporate governance, transparency and risk management are key to continued growth of the regional insurance industry, experts have said. Central Bank of Bahrain executive director for financial institutions supervision A

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Insurance issues to be probed at major Bahrain forum

More than 550 top level executives, industry thought leaders and key regulators have gathered in Bahrain for the 11th annual edition of the Middle East Insurance Forum (MEIF) which gets underway today (February 3). Being held unde

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UAE sets investment limits for insurance firms

The United Arab Emirates Insurance Authority has issued new rules for conventional and Islamic insurance (takaful) firms, clarifying policyholders' rights and setting investment limits for the sector, the regulator said on Monday.

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