Insurance

Executive Moves

Friends Provident International appoints RegionalSales Director, Middle East and Africa

June 2, 2013

  Friends Provident International has appointed David Thompson as Regional Sales Director, Middle East and Africa.     Thompson will…

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Insurance

HSBC Middle East inks deal with Zurich

May 21, 2013

  HSBC Middle East has signed an exclusive 10-year agreement with Zurich Insurance Middle East to distribute its personal and…

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Executive Moves

Friends Provident appoints key accounts director MEA

May 12, 2013

Friends Provident International has appointed Jamie McNish as Key Accounts Director, Middle East and Africa. McNish joins from Swiss Life…

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Insurance

AXA expands presence in Saudi Arabia

April 16, 2013

As part of its expansion strategy aimed at increasing the company's geographical footprint across Saudi Arabia, AXA Cooperative  one of…

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Insurance

India insurance giant to focus on ‘takaful’ to boost Mena growth

March 12, 2013

India’s General Insurance Corp, the 15th largest re-insurer in the world, is planning to convert its Dubai office into a…

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Hedge Funds & Alternative Investments

NBB, insurance firm to buy major stake in BiSB

March 10, 2013

National Bank of Bahrain and Social Insurance Organisation Asset Management Company have announced that they were taking a controlling stake in Bahrain…

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Hedge Funds & Alternative Investments

Aviva mandates Barclays to sell Turkish unit

February 18, 2013

FTSE 100 insurer Aviva is selling its listed Turkish business, Aviva Sigorta, which trades on the Istanbul Stock Exchange with…

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Insurance

Bahrain woos international players with new takaful model

February 17, 2013

Bahrain’s insurance regulator hopes new regulations will make Bahrain the jurisdiction of choice for takaful and retakaful globally. Speaking to…

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Insurance

Tamweel completes repayment of $300m Sukuk

January 31, 2013

Tamweel PJSC, the UAE Islamic home finance provider, announced that it has repaid in full a $300m five-year Sukuk, which…

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Financial Results

Saudi Re returns to profit in 2012

January 31, 2013

Saudi Re posted a net profit of SAR8.98 million (US$2.67 million) after zakat and tax for the year ended 31…

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Hedge Funds & Alternative Investments

FGB and LIC International join forces to enhance insurance and retirement plan offerings in the UAE

January 27, 2013

Life Insurance Corporation  B.S.C. has tied up with First Gulf Bank , the major leading UAE financial institution, in a…

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Insurance

Dubai Launches Drive to Develop Islamic Insurance, Banking Sectors

January 9, 2013

Dubai is launching a drive to develop its Islamic business sector, aiming to attract fresh investment from the Middle East…

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