The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC) and the Arab Investment & Export Credit Guarantee Corporation (Dhaman) have jointly signed a Quota Share Reinsurance Agreement with the Jordan Loan Guarantee Corporation (JLGC).
The board of directors of Ascoma Assureurs Conseils (ASCOMA), insurance advisory and brokerage company has announced the appointment of Mr Farid Chedid as the company's new chairman and Group CEO.
Change in the reinsurance equation is imminent and insurers in the MENA region, especially small institutions, are going to bear the brunt of changes unless they take the right measures, executives at a webinar organised by General Arab Insurance Federation (GAIF) have warned, while voicing the need to establish a strong regional reinsurer.
The Middle East and Africa saw 166.7% increase in the number of M&A insurance deals in 2020, the biggest growth across all regions worldwide, according to "Insurance Growth Report 2021 - Finding opportunity in adversity", the latest edition of global law firm Clyde & Co's insurance growth report, released last week.
A call has been made for members of General Arab Insurance Federation (GAIF) to study the feasibility of establishing an Arab reinsurance company with a capital of at least $3bn.
Chedid Capital, a leading financial and investment group specialised in insurance and reinsurance in the Middle East, Africa and part of Europe, has launched E-DARAT, its bespoke tech platform for HR and employee benefit management.
Leading international insurance group Howden Group Holdings yesterday announced that its revenue for the year ended 30 September 2020 (FY2020) stood at GBP777m ($1.07bn), an increase of 7% compared to FY2019.
Pandemic outbreak continues to appear on the Top 10 risks facing the Middle East and Africa, after becoming a new entry into these ranks in 2020, according to the Allianz Risk Barometer 2021.
For countries in Middle East and North Africa (MENA), three key issues exist on the political risk landscape: US/Iran relations under a Biden administration; Saudi Arabia's role in the region and dealing with the economic fallout of COVID-19, according to the January 2021 edition of Aon's Political Risk quarterly.
Jeddah headquartered Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), in coordination with multilateral development banks (MDBs), has published a study analysing the current state of the political risk and credit insurance market for equity investments and Medium and Long-Term (MLT) debt investments and other insurance solutions.