Arab Reinsurance Company recorded profitable operating results in all of the past five years (2020-2024) and generated a robust return-on-equity ratio of 4.7% in 2024, noted AM Best.
Several representatives of Lebanon's private hospital sector have called out insurers for "payment delays" of several months on benefits covered by insurance policies.
Yallacompare, the UAE-based leading online insurance comparison platform company, has joined COMIN Insurance to form the largest InsurTech group in the region.
The Lebanese cabinet has appointed a new chairman for the insurance sector regulatory body, a post that had been vacant for more than 10 years.
Libano-Suisse Insurance and healthcare benefits management company GlobeMed Lebanon have won a tender from the Order of Engineers and Architects of Beirut (OEAB) to manage health insurance for over 125,000 beneficiaries, including engineers, employees and their families.
Corporate Risk Management Institute (CRMI), the educational arm of Chedid Capital, a leading insurance and reinsurance investment group, has been awarded Approved Professional Development Centre (APCD) accreditation by the reputed UK-headquartered Chartered Insurance Institute (CII).
The geographically diversified operations of Arabia Insurance Company (AIC) across the Middle East partially shields the group from the very high political, economic and financial system risks in Lebanon, said AM Best.
The conflict escalation between Israel and Hezbollah, following the death of Hezbollah leader Hassan Nasrallah, alongside Israel's military action in Lebanese territory, have severely weakened the recovery prospects of Lebanon's already fragile economy and political landscape, says S&P Global Ratings (S&P).
Chedid Capital, an investment group in the insurance and reinsurance industry, has raised its global governance capacity by appointing Mr Stuart Davies as an independent non-executive director at Milestone Risk Solutions in the United Kingdom and a Strategic Committee member at Momentum Insurance.
Large private insurers in the Lebanese market have indicated that they will raise health insurance premiums by 10%, starting 1 July, because of the rising costs of medical care.