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UAE Islamic insurers mull merger as tight rules biteSeveral Islamic insurers in the UAE are seeking guidance from the UAE Insurance Authority on the possibility of mergers and acquisitions in the sector, Ibrahim Al Zaabi, the director-general of the authority, told Reuters on Monday. More… |
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Japan's Tokio Marine plans Saudi listingTokio Marine Middle East, an Islamic insurer, has gotten regulatory approval to list up to 30 percent of its shares on the Saudi stock exchange, according to a statement on Monday. Saudi Arabia's Alinma bank, a major shareholder in To More… |
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UAE insurer sees premiums quadrupling in 2011Islamic insurer Takaful Emarat expects gross written premiums to surge to Dh65 million ($17.7 million) in 2011 from Dh14 million last year as the company eyes new product launches, its general manager said. Emarat Takaful, which launched t More… |
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New Islamic insurer set for Abu Dhabi debutA new Islamic insurer, backed by top Abu Dhabi entities, will be listed on the UAE capital's bourse by March or April, a senior official at one of its backers said on Sunday. Wataniya Takaful plans to raise Dh82.5 million ($22.47 milli More… |
