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Trust Re raises capital, eyes expansionBahrain-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… |
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Bahrain firm plans key insurance productHaving seen a good response for its senior citizens health insurance policy in Bahrain, New India Assurance is gearing up for the launch of its mediclaim product, a report said. The company has been operating in the kingdom for mo More… |
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Qatar University inks deal with insurance firmSEIB Insurance and Reinsurance Company (SEIB) and The College of Arts and Sciences(CAS) at Qatar University (QU) have announced a five-year agreement for student internships and workshops in all the relevant fields at the college. More… |
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Kuwait insurers ‘facing regulatory changes’Kuwait’s insurance market is experiencing a period of uncertainty, as premium growth has been volatile in recent years, and insurers currently await potential regulatory developments, a report said. While Kuwait’s tota More… |
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Iran offers insurance to India, refiners snub planIran has offered insurance to Indian refiners in a bid to boost its crude sales, industry sources said, though some oil executives warned the plan would not remove the threat of Western sanctions. More… |
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Global financial experts at Bahrain summitLeading players, industry thought leaders and key regulators in the international Islamic investments and asset management industry are taking part in the 9th Annual World Islamic Funds and Financial Markets Conference being held in Bahrain. More… |
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LIC Bahrain sees 23pc premium growth in 2012Bahrain-based LIC (International), a subsidiary of LIC of India, collected a total premium of $126.11 million in 2012, reflecting a 23 per cent growth, said a top official. The company issued 9,801 policies in 2012 with sum assure More… |
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BNH net profit soars to $3.42mBahrain National Holding Company (BNH) earned a net profit of BD1.25 million ($3.42 million) for the first three months of the year, up from BD820,000 for the same period last year. BNH is the parent company of Bahrain National In More… |
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AXA unveils big UAE growth plansAXA Gulf, one of the leading players in the UAE and regional insurance sector, has opened its new outlet at Dubai Mall in line with ts regional expansion strategy. Part of the AXA Group, a globa More… |
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Gulf insurance sector 'to face new challenges'Even as the GCC insurance sector continues to recover fast since the global financial crisis, the current year is going to bring in significant regulatory and commercial change, a leading expert said. According to KPMG in Bahrain More… |
