Marsh announced that it has received the approval of the Egyptian Financial Supervisory Authority (EFSA), and has been licensed to provide full insurance broking and advisory services in the Arab Republic of Egypt. “The company will serve the insurance needs …
There’s a need for state-based insurance regulation, according to Hawaii Insurance Commissioner J. P. Schmidt. Speaking to professors and experts in finance from around the world in his keynote speech at the 16th Annual Global Financial Conference. Commissioner Schmidt’s speech …
Zurich Financial Services has announced the appointment of Saad Mered (42, US citizen) as CEO Middle East with immediate effect. In this position, he will oversee Zurich’s operations in the Middle East. Mered will be based in Dubai and will …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of SALAMA Islamic Arab Insurance Company (P.S.C.), which is based in the United Arab Emirates. The outlook for both ratings …
The rise in world food prices carries implications for both rich and poor countries – the latter will more fully feel the impact, as well as the insurance industry. The recent conference in Rome, organized by the UN’s Food and …
European Union Trade Commissioner Peter Mandelson said on Monday he saw the makings of an international trade agreement in new proposals drafted by the World Trade Organization. The WTO is expected to issue negotiating texts early this week in readiness …
A.M. Best Co. has affirmed the financial strength rating of ‘B+’ (Good) and issuer credit rating of “bbb-” of Jordan’s Arab Orient Insurance Company with a stable outlook. “The ratings reflect Arab Orient’s strong risk-adjusted capitalization, leading business position in …
The European Union must be firm in World Trade Organization trade talks despite the global rise in food prices, a German official was quoted as saying on Sunday. “Due to the food crisis, we could face new demands,” Bernd Pfaffenbach, …
A cargo ship contracted by the U.S. military fired on an Iranian vessel in Gulf waters on Friday, raising tension between Washington and Tehran in a region vital to world oil shipments. In January, the United States said Iranian boats …
Business lobbyists from the United States will descend on the World Trade Organisation (WTO) in Geneva next week to push for favorable terms in a new trade deal, a source familiar with the visits said on Friday. The visits by …
