Tuesday 1 September 2015
 
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World Cup insurers ‘likely to refuse pay out on cancellation’

World Cup insurers are likely to refuse to pay out on many cancellation contracts if Russia and Qatar lose the rights to hold the tournaments because of fraud, industry experts said. Russia and Qatar could be stripped of their Wor

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Bahrain puts Iran-linked bank, insurer into administration

Bahrain's central bank has said it had placed two Iran-linked companies, Future Bank and Iran Insurance Co, into administration to protect the rights of depositors and policyholders. In a brief statement, the central bank did

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Arig wins reinsurer of the year award

Bahrain-based reinsurance firm Arab Insurance Group (Arig) has won the 'reinsurer of the year' award at the inaugural Middle East Insurance Industry Awards held in Dubai. The awards programme was organised by the Middle E

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ME insurers ‘adopt digital strategies to boost outreach’

Insurers across the Middle East are rapidly adopting digital strategies in order to boost outreach to millennials, according to SAP. Insurers are in agreement that the growing customer base of millennials — generally considered th

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UAE insurer upbeat on 2014 growth prospects

Continental Group, a leading insurance intermediary and financial services solutions provider in the UAE, saw a significant rise in premiums from the insurance and investments segments in 2013 and is expecting to see these figures improve in the

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DHA names AXA as ‘participating insurer’

Dubai Health Authority (DHA) has named AXA Gulf, a leading non-life international insurer in the Middle East, as a participating insurer (PI) to offer health insurance coverage under the ‘Basic Benefit Plan.’  

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Maiden profit for Bahrain start-up firm

Bahrain-based insurance company Legal & General Gulf has reported its first-ever annual profit for last year. Incorporated in 2009, the company is a 50:50 joint-venture between Legal & General Group of the UK and Bahrain-b

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Saudi insurer plans $2.1bn March IPO

Saudi Arabia's United Cooperative Assurance Co plans to raise up to 8 billion riyals ($2.13 billion) in an initial public offering starting on March 8. United Cooperative will sell 8 million shares, equivalent to a 40 percent stake, at 10

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