Saudi Arabia's primary insurers saw weaker profitability in the first half of this year amid intense competition, and there is increasing pressure for consolidation in the industry, Moody's Investors Service said in a report published yesterday.
Bahrain headquartered regional reinsurance company Trust Re has announced the strengthening of its executive management team, thus forming its new executive committee.
Some 200 insurance intermediaries suffer from weak revenue levels, out of around 2,140 agents and brokers operating in Morocco, according to Mr Hassan Boubrik, president of the Insurance and Social Insurance Authority (ACAPS).