Takaful
Chartis backs London-based Takaful insurance broker
A company claiming to be the world’s first Shariah compliant insurance broker to offer premium Takaful and Re-Takaful commercial risk solutions in the UK has today been launched in London.
RSA names new Al Ahlia boss
A former director of Principle Insurance, Lloyd East, has been appointed managing director of Al Ahlia Insurance, part of the RSA Group.
UK regulation needs tailoring for Takaful
UK insurance regulation needs to be tailored to meet the needs of Islamic financial services products if Takaful insurance is to succeed in the UK, a director of the Central Bank of Bahrain has claimed.
Relaunch of UK's first Takaful insurer hits the skids
The rescue and relaunch of the UK's first Shariah-compliant insurer Salaam Halal has fallen through over disagreements with its prospective backer, Post has learnt.
Insurer scoffs at ABI gender ruling warning – Insurance News Now – 10 February 2011
Post news editor Mairi MacDonald outlines this week’s major general insurance stories, including the refusal of specialist female insurer Shelia’s Wheels to accept the Association of British Insurers’ suggestion that it could potentially have to re…
S&P upgrades Dubai insurer
Ratings agency Standard & Poor’s have upgraded the outlook of Dubai-based takaful insurer Aman from negative to stable.
Post Europe: Country review: Turkey
Turkey is one country that has ridden out the economic crisis well and is expecting growth in 2011. Jakki May reports on how the insurance market has seen out the financial storm and what its prospects are.
Bahrain firms eye UK Takaful tie-up
A joint venture between UK-based distributors and Middle-Eastern insurers is the most successful formula for launching a Takaful operation in the UK, according to the chief executive of the Bahrain Economic Development Board.
Double venture heralds return of Lord Sheikh
Lord Sheikh is set to return to the market with two new public limited companies.
Reborn takaful firm eyes commercial move
Shariah compliant insurer Salaam Halal has vowed to write commercial business in the UK on its re-entry to the market, following parent group Principle Insurance's acquisition by the Kuwait-based Al-Salam Group.
UK takaful insurer sold to Kuwaiti buyer
Principle Insurance Holdings, parent company of the UK’s first Shariah compliant insurance group, has confirmed the conditional sale of its subsidiaries, Principle Insurance Company and Principle Marketing Services, to Al Salam Group Holding Company – a…
Munich Re takaful arm in talks with DIFC
Munich Re Retakaful is reported to be holding talks with the Dubai International Financial Centre to enter the UAE.
Global takaful market set to surpass $8.8bn in 2010
Global takaful contributions grew 29% in 2008 to reach $5.3bn, with Saudi Arabia and Malaysia the biggest, according to Ernst & Young.
Interview: Stephen May - Cultivating Kane
Katherine Blackler talks to Stephen May, chief executive officer at Kane, about the high points of his career and why the Middle East is still an attractive area for (re)insurers
Regulatory capital framework proposed for Takaful insurers is ‘credit positive’
At its sixth annual Takaful Conference this week in Dubai, the Islamic Financial Services Bond discussed its exposure draft for regulatory capital requirements for Islamic compliant insurers.
Middle East - Market Overview: Room for growth
While most in the insurance industry will not be looking to expand in the current global economy, Jane Bernstein points to an area where there are substantial opportunities for those willing to take the plunge.
Takaful - UK viability: Taking up Takaful
Shariah-compliant Takaful insurance has had a rocky start in the UK. Daniel Dunkley reports on the problems it has encountered and where its strengths may lie.
UK takaful insurer into run-off reveals Post
The self-proclaimed first Shariah-compliant general insurer in the UK, Salaam Halal Insurance, has gone into solvent run-off, Post Magazine revealed exclusively this week.
Pick of the week
UK takaful pioneer in run-off; Quinn poised to land major construction account; Teceris on Davies radar; Zenith MBO option; and independent loss adjuster body sets out stall.
Allianz granted licence in Qatar
Insurer to write Takaful insurance in QFCRA.
Shariah firm set to launch on web
The UK's first Shariah-compliant insurance company is set to launch on price comparison websites in the new year.