The insurance industry continued its strong upward momentum in the first half of this year, with total premiums rising by 7.0% to MAD34.91bn ($3.86bn) compared to the corresponding half of last year, according to data released by the Insurance and...
The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), a Shariah-compliant multilateral insurer and member of the Islamic Development Bank (IsDB) Group, has signed a facultative reinsurance agreement with Takaful Libya.
Libya's Insurance Supervisory Authority (ISA) has joined the Khartoum-headquartered International Federation of Takaful and Islamic Insurance Companies, the Ministry of Economy and Trade has announced.
The Capital Market Authority has approved the proposed capital increase of Mediterranean and Gulf Cooperative Insurance and Reinsurance Company (MedGulf) by 31.58% to SAR1.38bn ($368m) from SAR1.05bn, the insurers disclosed in separate statements lodged with the Saudi Exchange.