Bahrain
Briefing: 10 insurtech start-ups to watch in 2022
For a seventh year running, Post content director Jonathan Swift scans the insurtech space and identifies a host of up-and-coming businesses potentially worth watching over the next 12 months and beyond.
Bahrain-based Trust Re bolsters capital as it seeks new growth opportunities
Trust Re announced today an increase in its paid up capital, from US$ 100m to US$ 140m, and an increase in its authorised capital to US$200m.
Bahrain a "gateway" to Gulf region
A failure to aggressively market itself has hindered Bahrain’s growth as a global insurance sector, according to Kamal bin Ahmed Mohammed, head of the country’s economic development board.
Bahrain woos international players with new takaful model
Bahrain’s insurance regulator hopes new regulations will make Bahrain the jurisdiction of choice for takaful and retakaful globally.
Middle Eastern Promise
Last week I undertook the first leg of my eating tour of the Middle East, or as I sold it to my employers, “covering the Middle East Insurance Forum in Bahrain”.
Bahrain sees 9% jump in premiums in Q3 2012
The Central Bank of Bahrain has announced that the local insurance market posted growth during the third quarter of 2012, with gross premiums increasing by 9% over the same period of 2011 to register BD184.11m (£307.85m) by the end of September 2012.
RSA opens Dubai office
RSA has been granted permission to operate in the Dubai International Financial Centre, starting on 18 November.
Arig logs profit in Q3
Arig has announced a net profit of $10.3m nine months into 2012.
GCC reinsurance markets to see price improvements
The outlook for reinsurance markets in the Gulf region remains positive, according to the third Gulf Cooperation Council Reinsurance Barometer published today.
Drop in profit for Bahrain Kuwait Insurance Co after increased motor claims
Bahrain Kuwait Insurance Company has posted net profit of BD1.5m ($3.9m) for the quarter ended 30 June 2012 (2011: BD 2.6m).
Talanx subsidiary HDI-Gerling Industrie opens in Bahrain
Talanx subsidiary HDI-Gerling Industrie Versicherung AG is opening a branch in Bahrain.
Chartis to offer MENA clients $1.5bn per-risk capacity
Chartis, the property and casualty arm of American International Group, has increased its commercial property per-risk capacity to $1.5bn on a worldwide basis.
Psychopathy versus governance
Having recently relocated from Qatar back to Dubai I had the unenviable task of sorting through the various insurance and risk related books and papers I accumulated over the years.
Top five Asian news stories
The top five Asian stories from www.insuranceinsight.com over the past seven days.
MENA insurers show resilience
Insurers and reinsurers in the Middle East and North Africa region have shown resilience in the past year and continue to maintain secure ratings.
Axa Gulf opens new retail operation in Bahrain
Axa Gulf has opened a retail shop at the Nakheel Centre in Saar as part of an expansion strategy aimed at increasing its geographical footprint in Bahrain and the Gulf.
S&P puts five MENA countries on negative watch
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.
Banking duo plan to launch Azerbaijan's first Islamic insurer
Azerbaijan-based Amrahbank is to establish the country's first Islamic insurer in conjunction with the Islamic Corporation for the Development of the Private Sector, according to local media reports.
AAOIFI plans reform of takaful standards
Khaled Al Fakih, the new secretary-general of the Bahrain-based Accounting and Auditing Organisation for Islamic Financial Institutions, outlined plans for a sweeping review of its guidelines in an interview with Reuters.
Nearly 80% of Islamic firms created a risk department in the past five years
The number of Islamic financial institutions employing dedicated risk managers has increased greatly since 2007, according to Deloitte Middle East's first Islamic Finance Risk Intelligence report.
Zurich and HSBC join forces in MENA distribution deal
General insurer Zurich has agreed a 10-year distribution deal with HSBC Middle East.