The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of Insurance Commissioners (NAIC) has sponsored its International Internship Program for Education and Regulatory …
A report from Standard & Poor’s Paris office – The Sukuk Market Has Continued To Progress In 2009 Despite Some Roadblocks – notes that new issues of “sukuk (bonds compliant with Islamic law) topped $9.3 billion in the first seven …
A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating (ICR) of “a-” of Bermuda-based International General Insurance Company Limited (IGI). Best also affirmed the ICR of “bbb-” of International General Insurance Holdings Limited …
Somali pirates have hijacked a Yemeni cargo ship in the Gulf of Aden, a regional maritime group said on Tuesday, a day after sources said the gang holding a Saudi Arabian supertanker were demanding a $15 million ransom. Andrew Mwangura, …
Somali pirates holding a Saudi supertanker after the largest hijacking in maritime history have reduced their ransom demand to $15 million, an Islamist leader and regional maritime group both said on Monday. The Nov. 15 capture of the Sirius Star …
President George W. Bush has been briefed about increasing attacks by Somali pirates off east Africa, and the United States is consulting with other U.N. Security Council members on ways to combat the threat, the White House said Wednesday. Calling …
In high seas and heavy rain, the supertanker Kasagisan was steaming through the Malacca Strait in February when it was suddenly surrounded by six small boats. The crew of the vessel, heading from Saudi Arabia to Japan with a cargo …
Somali pirates have captured a fully laden Saudi supertanker far off east Africa, seizing the biggest vessel ever hijacked with a cargo of oil worth over $100 million in an attack that pushed world crude prices higher. The U.S. Fifth …
In its latest report on the insurance market in the Kingdom of Saudi Arabia – Insurance And Reinsurance In The Kingdom of Saudi Arabia: Economic And Industry Risks Exist, But Market Prospects Remain Strong – Standard & Poor’s Ratings Services …
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 …
