Good Prospects Ahead for Regional Marine Insurance
With the expansion of the marine business in the Arab world, the insurance industry should capitalise on its standards to meet the increasing demand for services in this field, said Mr Abdul Khaliq R Khalil, Secretary General of General Arab Insurance Federation (GAIF) in his opening speech at the International Conference for Insurance & Marine Transportation in Aqaba, Jordan.
2.
UAE: Three-Way Retakaful JV Launched in Dubai
ACR ReTakaful Holdings, a 40:40:20 joint-venture between Dubai Banking Group, Malaysian national investment company Khazanah Nasional and Singapore-based ACR Capital Holdings (ACR), has been set up in the DIFC with a capital of US$300 million.
3.
UAE: Al Khazna Buys 15% of Sanad
Al Khazna Insurance Co has acquired a 15% stake, or nearly three million shares, in Saudi Arabia's Sanad for Co-operative Insurance and Reinsurance.
