OPINION: Bumpy road ahead for PTI government
Imran Khan may not have ever imagined that ruling Pakistan is so difficult as from the first day in Prime Minister’s office, the cricketer turned politician, having no experience of…
Negative Outlook on U.K. non-life market maintained
LONDON: AM Best has maintained a negative market segment outlook on the U.K. non-life insurance market, supported by key factors that include persistent pressure on operating performance due to strong…
AM Best affirms credit ratings of General Reinsurance Corporation and its subsidiaries
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A++ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa+” of General Reinsurance Corporation (headquartered in Stamford,…
AM Best affirms credit ratings of Qatar Islamic Insurance Company
DOHA: A.M. Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of “BBB+” of Qatar Islamic Insurance Company Q.S.C. (QIIC). The outlook of these…
Chubb Arabia Cooperative Insurance posts profit
RIYADH: Chubb Arabia Cooperative Insurance Company has announced a net profit of SAR 44.49 million for the year ended December 31, 2018, which is 18.1 percent higher than the profit…
Al-Ahlia Insurance posts profit growth
RIYADH: Al-Ahlia Insurance Company has announced a net profit of SAR 15.815 million for the year ended December 31, 2018, which is 51.8 percent higher than the profit of SAR…
Bahrain Aluminum Extrusion Company selling 50% stake in Technal Middle East
DUBAI: GFH Financial Group’s industrial portfolio company Bahrain Aluminum Extrusion Company has signed an agreement to sell its 50 percent stake in Technal Middle East to Hydro Extruded Solutions for…
Al Ramz in advanced stage to acquire a UAE domiciled financial institution
DUBAI, UAE: Al Ramz Corporation Investment & Development (Al Ramz) has announced entering an advanced stage of negotiations to acquire an operational financial institution in UAE and is in the…