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eWeekly Takaful |
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Malaysia: Danajamin provides first financial guarantee insurance for sukuk |
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Danajamin Nasional has become the first financial guarantee insurer to provide an Islamic guarantee (Al-Kafalah) for sukuk, with the issuance of the first Danajamin-guaranteed sukuk programme. |
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Qatar: QIIC posts QAR30.1mln 1H net profit |
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Qatar Islamic Insurance Company (QIIC) has posted a net profit of QAR30.1 million (US$8.2 million) in the first half of this year compared to QAR18.1 million in the last corresponding period, registering 66% growth year-on-year. |
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Kuwait: IIG defaults on US$152.5mln sukuk |
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Kuwait's International Investment Group (IIG) said it was unable to make a US$152.5 million sukuk payment, its second default this year, and has named KPMG as its advisor to look at restructuring options.
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| eWeekly Middle East |
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Tunisian insurance industry grew 7% in 2009 |
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Preliminary results for 2009 show that gross written premiums in Tunisia rose 7.25% to TND1,032 million (US$702 million), while claims paid increased 12% to TND568 million, said the Federation Tunisienne des Societes d'Assurances (FTUSA). |
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Tunisia: Mutual insurers mull over forming joint life company |
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Tunisia's four mutual insurers - Caisse Tunisienne de Assurances Mutuelles Agricoles (CTAMA), Groupe des Assurances Mutuelles (MGA), Assurances Mutuelles Ittihad (AMI) and Mutuelle Assurance de l'Enseignement - are considering the possibility of creating a joint life insurance company. |
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Bahrain: Arig's premiums grew 9% to US$177 mln in 1H10 |
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Arig's gross premium written increased by 8.6% to US$177.1 million for the first half of 2010, compared to $163 million in the same period last year. Its non-life combined ratio was 97.3%. |
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| MIR Conferences |
Last Updated on 7/29/2010 |
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