Friday 28 November 2014
 
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Insurance

Aviva in $8.8 billion deal to buy UK rival

British insurer Aviva said on Friday it had agreed terms on a possible deal to buy rival Friends Life for GBP5.6 billion ($8.8 billion) as British pension reforms put pressure on insurance companies to find new business. Pension p

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Solidarity launches key online insurance service

Solidarity General Takaful (SGT), a subsidiary of Solidarity Group Holding, has officially launched its online insurance services portal. The online insurance service, online.solidarity.bh, will enable its users to obtain with a c

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Alba unveils ‘Family Health Insurance’ for employees

Aluminium Bahrain’s (Alba) management and Alba Labour Union have launched a new Family Health Insurance package for its employees. With effect from January 1 next year, the new package will be optional for the employees who

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Dubai firms comply with health insurance law

The first phase of the Dubai’s health insurance law, where all employers will more than 1,000 employees on their sponsorship much has health insurance in place, is set to close by the end of this month. Essa Al Maidoor, dire

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GCC insurance industry to see 'business growth'

The rapidly developing GCC insurance and savings industry presents significant opportunities for business growth, according to finance experts. Speaking at the Nexus Group’s Annual General Meeting (AGM), Tarun Khanna, the fi

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Jordan insurance market stays profitable despite hurdles

Jordan’s insurance market continues to grow amid challenges from unprofitable mandatory motor business, declining capital adequacy and regulatory uncertainty, along with regional unrest on its borders, according to a new Best’s Speci

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Lifeline for small businesses in Bahrain

Owners of small businesses in Bahrain will be able to benefit from social insurance. They will also now be included by the General Organisation of Social Insurance (Gosi), the Cabinet was told yesterday (August 17), said a report in the

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Cyber risk insurance ‘an increasing trend’

Cyber risk insurance is an increasing trend as businesses become targets of cyber crime, according to a report. The cyber insurance market is set to double this year over the last, as the need for cyber insurance becomes more acut

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Cyber risk insurance ‘an increasing trend’

Cyber risk insurance is an increasing trend as businesses become targets of cyber crime, according to a report. The cyber insurance market is set to double this year over the last, as the need for cyber insurance becomes more acut

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Al Ahlia Insurance posts net profit of $1.8m

Bahrain-based Al Ahlia Insurance has reported a net profit of BD712,112 ($1.8 million) for the second quarter as against BD2.1 million for the same period last year. 'The transient decline was due to the reduction in the actual real

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