Trust Re announces formation of new Executive Committee
Bahrain domiciled reinsurer, Trust Re has announced the formation of its new Executive Committee, which is part of the firm’s…
Insurance
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Saudi Tadawul expects $3 bln additional inflows from FTSE inclusion – chairwoman
The Saudi Stock Exchange (Tadawul) expects additional passive funds’ inflows worth $3 billion from the remaining phases of inclusion in…
German insurance firm Allianz invested more than 1B euros in Turkey
Since its entry into the Turkish market in 2008, the German insurance company Allianz has expanded its investments and operations…
Bahrain central bank issues final rules on insurance aggregators
The Central Bank of Bahrain issued final rules on insurance aggregators on August 14, calling it “a first step” for…
Egypt's FRA awards Banque Misr non-banking financial activities licence
Egypt's Financial Regulatory Authority (FRA) has awarded Banque Misr an investment banking licence which allows it to exercise promotional activity…
Ajman Free Zone partners with Dubai Insurance
Ajman Free Zone has signed an agreement with Dubai Insurance to provide insurance services to workers employed by companies operating…
Zurich and Equiom to run DIFC savings scheme
The Dubai International Financial Centre has rolled out its Employee Workplace Savings scheme. The move will see the centre…
Sarwa Capital postsprofits in H1
Sarwa Capital Holding for Financial Investments SAE announced Tuesday, in a statement sent to EGX, the financial results for the…
Zurich appoints new CEO foe EMEA
Zurich, the Swiss-based international insurer, is marking its role as a leading provider of life products in the Middle East…
Zurich hires chief executive for EMEA
Zurich has appointed Alison Martin to the role of Chief Executive Officer Europe, Middle East & Africa (EMEA) and Bank…
Trust Re receives $130m to shore up future after 2018 credit downgrade
Parent company Nest Investments Holdings (Nest) will pay $130 million replacement funds to Bahrain-based re/insurer Trust International Insurance & Reinsurance…
UAE's Federal Credit Insurance Company signs MoU with South African's Export Credit Agency
At the recently held South Africa-UAE Forum organised by the UAE Ministry of Economy, Etihad Credit Insurance, the UAE Federal…