Oman Insurance completes 100% acquisition of subsidiary Dubai Starr Sigorta
Oman Insurance Company has completed 100 percent acquisition of its subsidiary Dubai Starr Sigorta. Dubai Starr Sigorta is an…
Insurance
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UAE Islamic insurance in throes of consolidation
The takaful market is on course for even more M&A deals, with Shariah-compliant products set to receive greater acceptance following…
More than 130,000 insurance policies sold through electronic channels
The number of insurance policies issued through various electronic windows and channels during the COVID-19 pandemic has exceeded 130,000, according…
Sheikh Khalid Al Khalili to lead Al Ahlia Insurance Co. SAOG as the new Chairman
Al Ahlia has elected Sheikh Khalid bin Abdullah Al Khalili as its new Chairman during the recently held board meeting…
UAE merges financial services regulators in government shake-up
The United Arab Emirates is to merge its Insurance Authority (IA) and Securities and Commodities Authority as part of a…
Lockton Insurance Brokers UAE announces new appointments as it grows its UAE retail operation
Lockton Insurance Brokers UAE has announced the appointment of its new Chief Executive Officer, Faris Khatib. Khatib will provide executive…
Single regulator a catalyst for mature UAE financial market
The UAE government’s planned merger of the insurance regulator and the securities market regulator sets the groundwork for a mature…
Voya Investment Management Hires Tom Frost as Head of EMEA Insurance and Pension Solutions
Voya Investment Management has announced it has hired Tom Frost as head of EMEA Insurance and Pension Solutions. Based…
Allianz SF rights issue 93.8% subscribed
Allianz Saudi Fransi Cooperative Insurance Company (Allianz SF) announced that a total of 37.5 million shares of the newly offered…
Saudi insurance firms to benefit from fewer claims, but challenges ahead
Despite a grim economic outlook, insurers in Saudi Arabia may have benefited from the recent coronavirus lockdown and are likely…
Ahli Bank seals strategic partnership with Dhofar Insurance
Oman-based Ahli Bank said it has entered into a strategic alliance with Dhofar Insurance Company, a market leader with a…
Decapitating stroke for UAE third party administrators
Third party administrators in the UAE’s insurance ecosystem face an uncertain future. It follows the insurance regulator stating that…