The National Association of Insurance Commissioners (NAIC) has signed a memorandum of understanding (MOU) with the Egyptian Insurance Supervisory Authority (EISA). NAIC President and Alabama Insurance Commissioner Walter Bell participated in the formal signing with EISA Chairman Adel Mounir during …
A.M. Best Co. has placed the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit rating (ICR) of “a-” of Misr Insurance Company under review with negative implications, along with the FSR of ‘B++’ (Good) and the ICR …
Arthur J. Gallagher (UK) Limited in conjunction with MAP, a specialist insurer at Lloyd’s, has launched an insurance facility for terrorism liability. The new product aims to provide coverage for tourist and study programs in Israel and neighboring countries. Gallagher …
A Kenya Airways jet that took off during a midnight storm crashed early Saturday with 114 on board after sending out a distress signal over remote southern Cameroon, officials said. Nearby villagers reported hearing an explosion and seeing a flash …
A.M. Best Co. has affirmed the financial strength rating of “A-” (Excellent) and the issuer credit rating “a-” of Egypt’s Misr Insurance Company. However, Best also revised its ratings outlook to negative from stable. “The ratings reflect Misr’s excellent risk-adjusted …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Egypt’s Al Chark Insurance Company with a stable outlook. “The ratings reflect Al Chark’s good risk-adjusted capitalization, improving (although weak) …
A.M. Best Co. has affirmed the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Egypt’s Al Mohandes Insurance Company with a stable outlook. Subsequently, Best said it had “withdrawn the rating in response to …
The ACE Group announced the formation of a new Middle East & North Africa (MENA) Regional Office, based in Bahrain. “The new office, which recently received approval from the Central Bank of Bahrain, will be responsible for the management of …
ACE announced from its London office that Giles Ward has been appointed Director of its operations in the Middle East and North Africa region (MENA), effective from September 16th. He will be based in the newly established regional head office …
