Friday 18 April 2014
 
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Life insurance

Xpress Money offers free life insurance

Xpress Money, a leading money transfer business, has launched a free life insurance cover scheme for its Bahrain remitters in partnership with Union Insurance. Designed specifically to suit the blue-collared population, the monthly rene

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Crescent Global new venture in Bahrain

Crescent Global Group has announced the launch of a managing general agency (MGA) arrangement to oversee the development of a regional life platform. Crescent Global Vie will be based in Bahrain and has great expansion ambitions,

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BIA seminar to spotlight Africa-Asia insurance

Bahrain Insurance Association (BIA) will be hosting a life insurance seminar focused on the African and Asian market in collaboration with the Federation of Afro-Asian Insurers next month.   The first Life Insurance Experience

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NBAD, Adnic offer insurance to cardholders

The National Bank of Abu Dhabi (NBAD) has partnered with Abu Dhabi National Insurance Company (Adnic) to offer life insurance cover to NBAD’s payroll cardholders. More than 450,000 NBAD Ratibi cardholders will be offered life insurance cov

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Medical, life insurance markets growing

Growth in the Middle East insurance market is particularly strong in the fields of medical, healthcare and life insurance business, said experts at the ongoing Middle East Insurance Forum (MEIF 2012) in Bahrain. But people are more cautiou

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Insurer banks on Mideast employee benefits

Life insurer Friends Provident, now part of the British group Resolution, sees a rise in employee benefits in the Middle East as a springboard to growth in the region's nascent insurance industry, an executive said. "The main focus is on t

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UAE mortgage market adopting global insurance trends

The UAE mortgage market – currently valued at Dh20 billion ($5.4 billion) – is estimated grow to Dh64 billion within the next three years alone and life insurance premiums to grow 18 per cent annually, it has emerged. For the UAE, new rese

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CBB to amend insurance capital rules

The Central Bank of Bahrain (CBB) is proposing amendments to capital requirements for branches of foreign insurance firms operating in Bahrain, the bank said. The proposed amendment gives recognition to the support provided to the branches

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