Shareholders of Islamic Arab Insurance Company (Salama), one of the UAE's leading takaful providers, have approved a capital reduction and subsequent capital increase as part of a comprehensive plan to restore solvency and reinforce its financial...
Standard & Poor's (S&P) has confirmed its "A+" rating with a 'Stable' outlook for Dusseldorf-headquartered Deutsche Rück Group. The rating agency has awarded the reinsurer an "A+" rating with a 'Stable' outlook every year since 2016.
Orient Takaful Insurance Egypt has received the approval of the Financial Regulatory Authority (FRA) to change its operating model from takaful to conventional, the financial regulator announced in a statement.
Lockton Re has appointed Mr David Bell as head of aviation.