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 …
Success for the “Doha Round” of trade negotiations appears to be getting more and more remote. Several recent events have increased the likelihood that the talks – named after the city in Qatar, where they were launched in 2001 – …
The American Insurance Association has issued a bulletin commending outgoing United States Trade Representative (USTR) Rob Portman for his leadership on trade negotiations. The AIA also welcomed his successor, Deputy USTR Susan Schwab, President Bush’s nominee to replace Portman, and …
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 raised its long-term counterparty credit and insurer financial strength ratings on Qatar-based underwriter Qatar Insurance Co. S.A.Q. (QIC) to “A” from “A-” and assigned a stable outlook. “The upgrade is driven …
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.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) and the issuer credit rating of “bbb” of Qatar General Insurance and Reinsurance Company (S.A.Q.) (QGIR). The outlook for both ratings remains stable. “The …
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 …
Peter Mandelson, the European Union’s Trade Commissioner, has expressed his concern about the slow progress being made towards the liberalization of trade barriers. The “Doha Round” (named after the Capital of Qatar, where the talks began) to further lower global …
Regardless of whether or not the U.S. Federal Government authorizes an extension to TRIA (Terrorism Risk Insurance Act) beyond the end of this year, terrorism remains a very real threat and should not be ignored. According to Aon’s 2005 Terrorism …
