Tag Search Result

Show result per page
Page 1 of 8

Lebanon tag returned 72 results

  • Lebanon: Insurance sector posts 6% fall in premiums in 1H

    Insurance premiums generated in Lebanon totalled $822.8m in the first half of 2020, constituting a decrease of 6% from $874.3m in the same half of 2019, reveal data released by the Association of Insurance Companies in Lebanon (ACAL).

    Middle East | 22 Nov 2020
  • Lebanon: Fears arise over possible lapses in reinsurance cover

    Several insurance companies have failed to properly reinsure with the outside world, a lapse which puts at risk about $700m of the value of damage caused by the Beirut Port explosion, sources in the Insurance Control Commission have revealed to Arabian Business.

    Middle East | 09 Nov 2020
  • Lebanon: Insurer's operations insulated largely from economic and political risks

    The credit fundamentals of Al Ittihad Al Watani (L'Union Nationale) Societe Generale D'Assurances du Proche Orient (Al Ittihad) will remain largely insulated from the heightened risk in the economic, political and financial system of Lebanon, where the company is domiciled and holds some assets, given that the majority of its operations and investments are located in the UAE, says AM Best.

    Middle East | 15 Oct 2020
  • Lebanon: Insurers see huge support from reinsurers

    Insurers have noticed huge support from reinsurers in relation to insured losses arising from the 4 August Beirut Port explosion, according to Mr Elie Torbey, president of the Association of Insurance Companies of Lebanon (ACAL).

    Middle East | 07 Oct 2020
  • Lebanon: Insured losses from Beirut Port blast estimated at $1.5bn

    Mr Elie Torbey, president of the Association of Insurance Companies of Lebanon (ACAL) and vice president of General Arab Insurance Federation (GAIF), has said that the losses suffered by insurance companies from the 4 August Beirut Port explosion are estimated at around $1.5bn, lower than previously reported in the media.

    Middle East | 06 Oct 2020
  • Lebanon: Uncertainty prevails in insurance market

    The 4 August Beirut port explosion has led to significant uncertainty in the Lebanese insurance sector.

    Middle East | 23 Sep 2020
  • Lebanon: Questions raised on whether insurers can suspend paying port blast compensation

    Questions have been raised about insurers refusing to pay compensation for damages generated in the 4 August Beirut post explosion on the grounds that an official report has yet to be released stipulating the cause of the explosion.

    Middle East | 22 Sep 2020
  • Lebanon: Complaint handling specialist engaged to help with Beirut port insurance claims

    Conflict between businesses and insurance companies concerning responsibility for damages from the 4 August Beirut port explosion has erupted into the open, pushing a major trade chamber to engage a complaint handling specialist to negotiate between the two sides.

    Middle East | 20 Sep 2020
  • Lebanon: Insurers await Beirut port investigation report

    The only obstacle to paying all the insurance claims resulting from the unfortunate 4 August blast at the Beirut port is that there has been no release yet of the report on the investigation into the explosion, that will show the reason behind the explosion, according to a senior insurance executive.

    Middle East | 13 Sep 2020
  • Lebanon: Munich Re faces claims of over US$100m from Beirut port blast

    Munich Re said it faces claims of at least EUR100m ($118million) stemming from the deadly explosion that ravaged much of downtown Beirut last month, reported Bloomberg.

    Middle East | 09 Sep 2020