Qatar Reinsurance sets initial price guidance for $450 mln perpetual bond
Qatar Reinsurance Co, a subsidiary of Qatar Insurance Co, has released initial price guidance in the 5.5 percent area for…
Insurance
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Saudi insurance firms are ready for consolidation
The Saudi Arabian insurance market is likely to experience consolidation this year as lacklustre industry growth on account of a…
National Insurers in the United Arab Emirates Back in the Black
After an extremely challenging year of underwriting and investment losses for many market participants during 2015, the United Arab Emirates…
National Takaful swings to net profit in 2016
Watania or National Takaful said on Thursday it swung into net profit even as revenues declined. Net profit came…
Saudi's Al Rajhi Bank eyes corporate banking business growth
Al Rajhi Bank , Saudi Arabia's second-biggest bank by assets, aims to take advantage of opportunities arising from the country's…
Dar Al Takaful swings to net profit in 2016
Dar Al Takaful said on Tuesday it swung into net profit in 2016. The insurance company said it reported a…
Iran's State-Owned Insurer Launches Bank Bid to End Woes
Iran Insurance Company, the country’s biggest insurer, has come up with measures to boost its solvency, including plans for purchasing…
Credit insurer Coface expects easing in payment delays in Saudi Arabia
Payment delays in Saudi Arabia should ease gradually in 2017 after recent payouts by the government to companies, particularly builders,…
Dubai International Financial Centre joins the 12th annual World Takaful Conference
The Conference will be held under the theme of “Stability, Authenticity & Technological Transformation”, and will build on its long…
A.M. Best affirms Qatar Islamic Insurance Company’s ratings
The ratings reflect QIIC’s track record of excellent operating performance, adequate combined risk-adjusted capitalisation (considering both shareholders’ and policyholders’ funds),…
Tighter regulations for GCC insurers
Insurers in Gulf Cooperation Council (GCC) markets are coming under pressure to increase retention levels for high-rise buildings to demonstrate…
Qatar Insurance posts FY profit of 1.03 bln riyals
* FY net profit 1.03 billion riyals versus 1.04 billion riyals year ago * Board recommends FY cash dividend…