Monday 2 May 2016
 
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New India Assurance Bahrain profit hits $3.2m

The New India Assurance Company Limited, Bahrain (NIA) reported a profit of $3.22 million for 2015 compared with $2.5m in the previous year, said a report in the Gulf Daily News (GDN), our sister publication.  

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New India Assurance to open reinsurance desk in Dubai

The New India Assurance Company (NIA), a pioneer in the UAE insurance industry, is set to open a reinsurance desk at its Dubai International Financial Centre (DIFC) office to enhance its presence in the segment in the region. &nbs

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New India Assurance posts profit of $2.52m

New India Assurance Company Bahrain (NIA) has reported a profit of $2.52 million for the first six months of this year versus $1.09 million for the same period last year. In a statement, the company said underwriting profits were 27 per cent o

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Iran offers India $1bn guarantee for oil shipments

Iran has offered to underwrite insurance for its vessels to keep oil exports to India flowing, after New Delhi asked for assurances to help halt a fall in shipments. Letters seen by Reuters show Iran is offering sovereign guarante

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Arabi Group wins stake in health insurance firm

Kuwaiti investment firm Arabi Group Holding Co. said on it has won a bid for a 26 per cent stake in Kuwait Health Assurance Co which was auctioned by the country's sovereign wealth fund. In a statement to the Kuwait bourse, Ar

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E&Y Mena announces 20 new partners

Ernst & Young has announced the admission of 20 new partners to its service lines and industry sectors across the Middle East and North Africa region, bringing the total number of partners in the Mena practice to 123. A global leader i

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EDC and ICIEC to provide Islamic credit insurance

The Dubai Export Development Corporation (EDC) and the Islamic Corporation for the Insurance of Investments and Export Credit (ICIEC) have agreed to provide high quality Islamic credit insurance services to support local exporters based in the UAE

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