Middle East: Biggest Kuwaiti insurance group to acquire AXA's Gulf operations for US$269m French global insurer AXA announced yesterday that it has entered into an agreement with Gulf Insurance Group (gig) to sell its insurance operations in the Gulf region, which includes its shareholding in AXA Gulf, AXA Cooperative Insurance Company and AXA Green Crescent Insurance Company.
Egypt: Regulator requires at least 1 in 4 directors on the board of an insurer to have insurance experience