President Bush will propose a tax deduction of $7,500 for individuals and $15,000 for families regardless of whether they buy their own health insurance or receive medical coverage at work. The proposal, to be announced Tuesday in his State of …
Nearly 32 years after Vietnam’s communists chased U.S. forces from their soil, the southeast Asian nation joined the capitalist club as the World Trade Organization’s 150th member on Thursday, signaling its emergence as one of the world’s fastest-growing economies. “Welcome, …
The ACE Group announced the formation of a new Middle East & North Africa (MENA) Regional Office, based in Bahrain. “The new office, which recently received approval from the Central Bank of Bahrain, will be responsible for the management of …
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, …
ACE announced from its London office that Giles Ward has been appointed Director of its operations in the Middle East and North Africa region (MENA), effective from September 16th. He will be based in the newly established regional head office …
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 …
Standard & Poor’s Ratings Services has raised its long-term counterparty credit and insurer financial strength ratings on The Company for Cooperative Insurance (NCCI) of the Kingdom of Saudi Arabia to “A” from “A-“. The outlook is stable. “The upgrade reflects …
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 …
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 …
