Insurance can promote economic development, create jobs and boost trade across the Middle East and North Africa region, a new report by Zurich has claimed.
Aria Assistance, the independent UK insurance and assistance company, has signed a strategic partnership for the delivery of assistance services with Africa/Middle East regional healthcare administration services and assistance provider, GlobeMed.
Middle East Insurance Company has had its financial strength rating of B++ (Good) and the issuer credit rating of “bbb”, with stable outlooks.
Insurers and reinsurers in the Middle East and North Africa region have shown resilience in the past year and continue to maintain secure ratings.
Standard & Poor's has put Bahrain, Egypt, Jordan, Oman, and Tunisia on negative outlook, indicating a one-in-three chance it will lower their soverign ratings.
Jordan-based General Arabia Insurance Company has been assigned a 'B+' financial strength rating and 'BBB-' issuer credit rating by AM Best.
United Healthcare International is to offer international insurance coverage to employers with staff in the Middle East through an alliance with Dubai-based Al Sagr National Insurance Co.
The Jordanian government is considering liberalising prices of compulsory third-party liability insurance services this year, according to media reports.
Jordan-based takaful provider First Insurance Cpany reported premium growth of 25% in its full year results for 2011.
Arab Orient Insurance Company has signed an agreement with French insurer Scor for the biggest medical reinsurance portfolio in Jordan.
Law firm Bin Shabib and Associates LLP has been elected to membership of global insurance lawyers group, Insuralex.
MENA Insurance CEO Club has welcomed three industry veterans to its exclusive club, taking the total to 17.