Insurance News ME

Bahrain: Islamic insurance firm launched

Latest ratings reflect bank's financial strength, strong capital and sound asset qualityBahrain and Qatar yesterday launched a new joint venture Islamic insurance company with a paid up capital of $70 million with participation by the entire platform of insurance players in both the countries.

Qatar and Bahrain to set up joint bank

As part of a string of key joint venture projects between Qatar and Bahrain, the chambers of commerce in the two countries will set up a joint bank shortly, said Dr Essam Fakhroo, Chairman of Bahrain Chamber of Commerce and Industry (BCCI).

Bahrain bank, British firm in insurance JV

Bahrain-based award-winning investment bank Ahli United Bank is setting up an Islamic insurance company with a paid-up capital of $25 million and authorized capital of $200 million.

Islamic insurance forum opens in Bahrain

MANAMA: More than 100 delegates from across the GCC and as far afield as the UK and Malaysia are taking part in Takaful 08, the Islamic insurance conference that opened at the Gulf Hotel yesterday.

MENA insurance sector must embrace new opportunities

The insurance sector across the MENA region must overcome numerous challenges if it is to realise its potential. The number of insurance companies in the MENA region, about 350 in total, combined with the fragmented nature of the industry also makes it ripe for consolidation - if the regulations permitted it, a panel of speakers said on the third day of the World Insurance Forum (WIF) being held at the DIFC.

Citibank ties up with AXA Group

Citibank, a member of Citi, and AXA Group launched an auto insurance payment scheme whereby a Citibank cardholder can choose from a range of auto insurance plans offered by AXA Group and pay for it in 9 monthly installments at 0% interest rate using Citibank's Easy Installment Plan (EIP).

Takaful titans to speak in Bahrain

Some of the leading figures in the growing takaful industry are to speak at the Takaful 2008 conference to be held in Bahrain next month.

Bahrain - CBB-Allianz launch insurance campany

The Central Bank of Bahrain (CBB) and Germany's Allianz Group yesterday announced the launch of Allianz Takaful (Bahrain), a wholly-owned subsidiary of the world's second largest insurer.

Bahrain firms urged to take insurance cover

MANAMA: Rising tensions in the Gulf region have not yet affected business insurance premiums, but firms should ensure they are covered for any eventuality, an industry expert said yesterday.Bahrain Insurance Association (BIA) chairman Ashraf Bseisu was speaking after a meeting between members of his organisation and the Arab War Risk Insurance Syndicate (AWRIS), where both sides discussed specialised insurance lines including protection against war, riots, strikes, and sabotage and terrorism.

Bahrain Insurance Association's Marine Committee organizes workshop on War Risks Insurance- Facts & Acts

The Marine Committee of the Bahrain Insurance Association organized a half day workshop on War Risks Insurance - Facts & Acts. In conjunction with the Arab War Risks Insurance Syndicate (AWRIS) held on Sunday, 9th September 2007 at the BIBF.