Friday 27 November 2015
general insurance

Zurich to exit UAE general insurance business

Zurich Insurance Group will exit its general insurance business in the United Arab Emirates by the end of 2016, after a review concluded the investment needed in the market was not justified by its limited growth potential. Zurich


RSA boosts UAE management team

RSA Insurance, a leading provider of general insurance in the UAE, has announced a series of senior appointments to strengthen their current operations and future growth plans. Drawing upon more than 25 years of experience in the insurance


HSBC sells insurance business for $914m

HSBC has agreed to sell its general insurance businesses to French insurer AXA Group and Australia's QBE Insurance Group for $914 million in cash, as Europe's biggest bank moves ahead with its plan to divest non-core assets. The de


Zurich Insurance appoints key official

Zurich Insurance Company in the Middle East has appointed Maroun Mourad as the chief executive officer of its new general insurance (GI) division. Mourad will report directly to Saad Mered, CEO of Middle East and Africa, and will be respon

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