A.M. Best has upgraded the Long-Term Issuer Credit Rating to “bbb+” from “bbb” and affirmed the Financial Strength Rating to B++ (Good) of National Life and General Insurance Company (NLGIC).
A.M. Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” of Al Ahleia Insurance Company (AAIC).
Oman Insurance Company has announced the appointment of Jean-Louis Laurent Josi as its new Chief Executive Officer, effective April 1st 2018 and subject to the approval by regulatory authorities, as Christos Adamantiadis steps away.
Takaful Emarat, a Shariah-compliant life and health insurer, has appointed Fadi Hindi as Chief Executive Officer effective with immediate effect.
Takaful Emarat has agreed to acquire Al Hilal Takaful from Al Hilal Bank in an all cash transaction that will create the largest takaful group in the UAE.
A.M. Best has assigned a Financial Strength Rating of B++ and a Long-Term Issuer Credit Rating of “bbb” to Solidarity Bahrain.
Cigna Corporation, a global health services company, has announced the acquisition of general insurer, Zurich Insurance Middle East.
Arab Insurance Group will launch Arig Insurance Management, a new reinsurance subsidiary, under license from the Dubai Financial Services Authority.
Saudi Arabian Airlines Corporation has signed a health insurance contract with Tawuniya, one of the largest insurers in the Gulf region.