Saturday 30 August 2014
 
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Insurance

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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IGIH reports net profit of $18.5m for H1

International General Insurance Holdings (IGIH) has reported earnings of $18.5 million for the first half of this financial year, as compared to $21.32 million for the same period in 2013. Wasef Jabsheh, vice chairman and chief executiv

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Daman issues policy for Dubai’s mandatory health plan

UAE’s National Health Insurance Company – Daman has issued the first health insurance policy under the Dubai mandatory health scheme. The policy with Ginco General Contracting, a prominent regional contracting firm, wi

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RakBank in talks to acquire Rak National Insurance

UAE-based National Bank of Ras Al Khaimah said on Thursday it was looking to acquire a majority stake in a listed insurance company in the emirate, a rare example of a takeover attempt involving two public UAE fi

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Bahrain insurance premiums grow 8pc

Bahrain insurance market has posted a gross premium increase of eight per cent to register BD258.41 million ($681.7 million) last year, compared to the previous year, according to the Central Bank of Bahrain.

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Adnic appoints new chief distribution officer

Abu Dhabi National Insurance Company (Adnic), one of the region’s leading providers of insurance solutions for individuals and corporates, has appointed Michael Mansour as its chief distribution officer. In this role, Mansou

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Malaysia jet crash insurance may be 'complex, lengthy'

Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 lives and ot

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