Four Arab-American men claim in a lawsuit filed in Massachusetts against FedEx Corp. that their supervisors subjected them to religious and ethnic slurs, called them terrorists and gave them less lucrative delivery routes. “They all came to this country because …
Trade credit insurer Euler Hermes, a subsidiary of AGF and a member of the Allianz Group, has opened an office in Dubai in cooperation with its local partner, Alliance Insurance. Euler Hermes new facility will offer “an extensive range of …
In the wake of Hurricane Katrina’s devastation, the U.S. government failed to take advantage of millions of dollars in foreign aid from its allies, The Washington Post reported. The U.S. has collected about $126 million and used just $40 million …
CIGNA International has extended its expatriate benefit service through the expansion of its “CIGNALinks(R)” chain to Hong Kong, China, Taiwan, Spain and five countries in the Middle East – the Kingdom of Saudi Arabia, the United Arab Emirates, Bahrain, Qatar, …
Malaysia is allowing qualified banks and insurers to offer foreign-currency services that comply with Islamic law as part of a push to make the country an Islamic financial hub, the central bank said Monday. Islamic financial institutions can now set …
Qatar Insurance Company said it will soon launch Qatar Insurance International, a holding firm for its overseas operations. Qatar Insurance International, a closed shareholding company, would be based at the Qatar Financial Centre, said QIC Group General Manager Khalifa A …
Standard & Poor’s Ratings Services announced that it has assigned its “BBB-” long-term and “A-3” short-term corporate credit ratings to Kuwait-based holding company Kuwait Projects Co. (Holding) K.S.C. (KIPCO) with a positive outlook. S&P noted: “KIPCO has controlling stakes in …
Euler Hermes ACI, a provider of trade credit insurance and risk mitigation information, has released a special global risk analysis report from its U.S. headquarters in Maryland. The company, a subsidiary of French insurer AGF, which is in turn part …
A leading U.K. intelligence expert and a specialist in terrorist underwriting at Hiscox Plc have warned that the threat of terrorism will not diminish in the year ahead with the continued potential for attacks around the world. Simon Sole, managing …
The Bahrain-based Arab Insurance Group (ARIG) announced that it has taken the lead of a group of financial institutions in launching Takaful Re, which it describes as “the first major Islamic Reinsurance Company.” The announcement from the Dubai Financial Center …
