May 30, 2007
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 …
May 25, 2007
Standard & Poor’s Ratings Services has assigned its “BBB+” long-term counterparty credit and insurer financial strength ratings to Salama/Islamic Arab Insurance Co. (P.S.C.) (Salama/IAIC), located in Dubai, United Arab Emirates. S&P also raised the long-term counterparty credit and insurer financial …
March 12, 2007
A.M. Best Co. has assigned a financial strength rating of “B++” (Good) and an issuer credit rating of “bbb+” to the United Arab Emirates SALAMA Islamic Arab Insurance Co. (P.S.C.) with a stable outlook. “The ratings reflect the company’s strong …
December 22, 2006
A port security task force this week urged that the nation adopt mandatory security standards for cargo and that the president appoint a port security czar to coordinate the federal agencies that oversee the nation’s 361 seaports. Shippers should also …
December 20, 2006
Standard & Poor’s Ratings Services has revised its outlook to positive from stable on Tunisia-based reinsurer B.E.S.T. Reinsurance Co. (Best Re). S&P also affirmed the Company’s ‘BBB’ long-term counterparty credit and insurer financial strength ratings. “The outlook revision reflects Best …
December 12, 2006
Dubai Ports World, the company whose planned takeover of major U.S. port operations ignited a political firestorm earlier this year, has agreed to sell those operations to AIG Global Investment Group. The company announced the deal Monday. The operations at …
September 22, 2006
Fitch Ratings has assigned an “AA+” insurer financial strength (IFS) rating to AIG MEMSA Insurance Company with a stable outlook. “Fitch’s rating reflects explicit support in the form of an unconditional and irrevocable insurance obligation guarantee between AIG MEMSA and …
September 8, 2006
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, …
February 22, 2006
U.S. terms for approving an Arab company’s takeover of operations at six major American ports are insufficient to guard against terrorist infiltration, the chairman of the House Homeland Security Committee said. “I’m aware of the conditions and they relate entirely …
October 17, 2005
Nancy Gates The Independent Insurance Agents of San Antonio announced it recently installed Gregory A. Stevens as the 84th president of the association. Lori Williams Stevens is president of Texas Insurance Division of Compass Insurance Agency Inc., responsible for operation …