BAHRAIN’S ARAB Insurance Group is in discussions to take full ownership of Dubai-based Islamic reinsurer Takaful Re, as regulatory moves add pressure on firms in the overcrowded Gulf insurance sector to consolidate. [...]
ABU DHABI-LISTED Islamic insurer National Takaful Company (Watania) said that UAE regulators had approved the sale of 60.53 per cent of the firm to MB UAE Investments and an affiliate of MB. [...]
Nikolaus Frei, chief executive of Islamic insurance firm, T’azur, discusses growth opportunities in the Gulf’s insurance sector and his firm’s plans to expand throughout the region [...]
RISK-AVERSE SAVERS in the Gulf looking for a safe haven could lead to a surge in investment in takaful funds, according to the head of an Islamic venture launched by one of the world’s largest insurance companies. Allianz Takaful, a subsidiary of Ge [...]
Insurance companies may not have been hit as hard by the financial crisis as many banks were. Yet, as the recession bites, so their growth is likely to slow. “Insurance purchasing is very much linked to GDP growth,” said Giles Ward, regional managin [...]
INSURANCE RATES for businesspeople travelling to Iraq have dropped by 10 per cent in the past 12 months, say brokers. At the same time, premiums for those travelling to Kurdistan have become more favourable as security improves. “We’ve seen about a [...]
THE VOLATILE performance of insurance stocks in Saudi Arabia raises doubts over the sector’s long-term prospects. Over the past year, the number of insurers listed on Tadawal, the Saudi Stock Exchange, has jumped from two to 20 as a result of new ru [...]
MOTOR INSURERS are bracing themselves for a rise in claims during Ramadan, when the number of traffic accidents increases. Casualties are expected to be particularly bad in Saudi Arabia where accident rates are already high. Extra police have been r [...]
