Saudi Arabia News

UK’s Chartered Insurance Institute in Middle East Training Partnership

The UK’s Chartered Insurance Institute (the CII Group) announced “a strategic partnership for the Middle East” with JWZ Insurance Solutions, a newly-formed insurance training and educational consultancy firm, under the brand name CII Saudi Arabia. “JWZ is now the exclusive …

Coface, Islamic Corporation to Upgrade Trade Credit Coverage

Coface [Compagnie française d’assurance pour le commerce extérieur], a major guarantor of trade credit, announced that it has reached a cooperation agreement with the Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC), to expand export risk coverage …

People

Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …

People

Members of the National Association of Insurance Commissioners (NAIC) elected 2008 officers during their meeting in Houston. The newly elected officers, who will assume their duties following the completion of the NAIC Winter National Meeting, include: president, Kansas Insurance Commissioner …

AIG’s Glaser Named Marsh CEO

Marsh & McLennan Companies, Inc. has named Daniel S. Glaser, an AIG executive who began his career as a Marsh broker, as chairman and chief executive officer of its insurance broker, Marsh Inc. Glaser currently serves as managing director of …

S&P Says Saudi Insurance Market Able to Meet Regulatory Challenges

Standard & Poor’s Ratings Services has said that it considers the Saudi insurance market to possess the “inherent strengths,” which will allow it to “ride out” forthcoming regulatory changes. The report -“Strengths, Weaknesses, Opportunities, And Threats As Insurers In Saudi …

JLT in Saudi Joint Venture

Arab Commercial Enterprises (“ACE”) and Jardine Lloyd Thompson jointly announced that they have agreed to establish a joint-venture company in Saudi Arabia to support an exclusive trading agreement for the Kingdom and “to underline their commitment to seek to align …

Middle East Insurance Report from R&M

Dublin-based Research and Markets announced the addition of “Opportunities in Middle East Insurance Market” to their offering. The report is designed to “help clients to analyze the leading-edge opportunities critical to the success of the insurance industry in the region,” …

Euler Hermes Opens Dubai Office

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 …

IPCC Conference Opens in Bangkok on How to Combat Global Warming

The costs of cutting greenhouse gases and who will pay for doing it are likely to be the key issues at a major U.N.-backed climate change meeting of scientists and diplomats in the Thai capital this week, participants said Sunday. …