Standard & Poor’s Ratings Services has published an article examining the Qatari Insurance Sector In 2009. Entitled “Short-Term Weaknesses Offset By Long-Term Strengths,” it notes that “when the State of Qatar’s sound economic prospects are considered alongside the specific strengths, …
A.M. Best Co. has affirmed the financial strength ratings of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a” of Aspen Insurance UK Limited (AIUK) and Bermuda-based Aspen Insurance Limited (AIL) (Bermuda). Best also affirmed the ICR of “bbb” …
HSBC Insurance Brokers Limited announced that it has established a branch office and received regulatory approval from the Qatar Financial Center (QFC) Authority to provide insurance broking services to corporate customers within The State of Qatar. Steve Bonynge, Managing Director …
The Modernization of Lloyd’s and the London Market Any institution — and there aren’t many — that survives and thrives for 320 years must find ways to adapt to changing conditions. Lloyd’s of London’s transformation offers some insights as to …
Marsh has been authorised by the Qatar Financial Centre (QFC) Regulatory Authority to provide a broad range of insurance broking and risk advisory services in Qatar. Duncan Buchanan, CEO of Marsh Qatar LLC, commented: “This is excellent news for our …
Aon’s Middle East unit announced the opening of its regional headquarters in the Dubai International Finance Center (DIFC), following the issuance of a full license to operate within the Center. Aon has operational offices in the UAE (Dubai, Sharjah, Abu …
Growing concerns about food security could spur renewed efforts to liberalize global trade, according to Australia’s trade minister. If the global community wants to help solve the food crisis, it must liberalize markets so that people can trade available surpluses …
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 …
Abu Dhabi government-owned IPIC and Qatar Investment Authority (QIA) will establish a $2 billion fund for global acquisitions, the managing director of IPIC said on Tuesday. “We plan to invest in all sectors, including oil and petrochemicals,” Khadem al-Qubaisi told …
The Bermuda-based Arch Capital Group Ltd. and Gulf Investment Corporation (GIC) announced that they have entered into a joint venture agreement to establish Gulf Re, a new specialist reinsurer to be based in the Dubai International Financial Centre. Arch Capital …
