Tuesday 30 June 2015
 
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Insurance

DHA links insurance scheme to visa issuance, renewal

The Dubai Health Authority (DHA) has linked the health insurance scheme to visa issuance and renewal  to ensure that all employers and sponsors comply with their responsibilities. The authority has partnered with the General

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Insurers see need to improve risk management

Forty-one per cent of insurance companies in Saudi Arabia and the UAE believe there is a need to improve their overall risk management framework, according to a new study. Due to increasing regulatory requirements, risk management

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Anthem offers $47 billion for rival insurer

US health insurer Anthem said it had offered $47 billion in cash and stock for smaller rival Cigna Corp, signaling a pick-up in the industry's long-awaited consolidation. The biggest US health insurers are seeking acquisitions

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Oman's Al Anwar insurance unit plans IPO

Oman's Falcon Insurance plans an initial public offer of shares, its parent company Al Anwar Holding said on Wednesday. The flotation is subject to approval by regulators and shareholders, Al Anwar, which has a 51 per cent sta

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Union Insurance launches MaxMedical in UAE

Union Insurance Company, a leading provider of innovative customer-focused insurance products to individuals and organisations in the region, has launched the MaxMedical, a high-end international health insurance product, in the UAE.   

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Adnic seals housing finance partnership deal

Abu Dhabi National Insurance Company (Adnic), one of the region’s leading multi-line insurance providers, has joined hands with Emirates Development Bank (EDB) to provide comprehensive protection to the bank’s housing finance custome

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Adnic seals housing finance partnership deal

Abu Dhabi National Insurance Company (Adnic), one of the region’s leading multi-line insurance providers, has joined hands with Emirates Development Bank (EDB) to provide comprehensive protection to the bank’s housing finance custome

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M&A 'gaining pace in Mideast insurance sector'

Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectation

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AIG showcases importance of insurance for SMEs

American International Group (AIG), a leading insurance company, showcased the importance of insurance for the growing Omani small and medium sized enterprises sector, delivering keynote presentations and practical workshops for attendees at a c

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Oman Insurance Company appoints new chief

Oman Insurance Company (OIC) has appointed Christos Adamantiadis as its chief executive officer to replace Patrick Choffel who ends his successful four-year tenure next month. Abdulaziz Abdulla Al Ghurair, chairman to the OIC boar

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