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…
Court sanctions acquisition of Jardine Lloyd Thompson by Marsh & McLennan
LONDON: The High Court of Justice in England and Wales has sanctioned the proposed acquisition of entire shareholding of Jardine Lloyd Thompson Group plc by MMC Treasury Holdings (UK) Limited,…
Hansard Global selects SaaS-Based Majesco LifePlus Solutions to transform their business
DUBLIN: Majesco, a global leader of cloud core insurance software, Thursday announced that Hansard Global plc, a FTSE listed business, selected Majesco Life IllustratePlus, Majesco Life AdminPlus, and Majesco Life…
Accredited announces program underwriting partnership with Pronto General Insurance
LONDON: Randall & Quilter Investment Holdings Ltd. has announce that its wholly owned subsidiary Accredited Surety and Casualty Company, Inc. (Accredited), the Florida domiciled insurance company that is licensed in…
Bloomberg on-boards XBRL data from Bombay Stock Exchange
MUMBAI: Bloomberg has announced that it has successfully on-boarded eXtensible Business Reporting Language (XBRL) data exclusively from the Bombay Stock Exchange (BSE), resulting in significant benefits to market participants in…
Al Efrangi appointed Group CEO of Qatar General Insurance
DOHA: Qatar General Insurance and Reinsurance Co. has announced its Board of Directors’ decision and Qatar Central Bank’s approval, to appoint Hassan Ahmed Hassan Al Efrangi in the position of…
Takaful Emarat posts profit of AED 14 million
DUBAI: Takaful Emarat, the Dubai Financial Market (DFM) listed, Shariah-compliant Life and Health Takaful provider, announced its full year financial results for the twelve-month period ended December 31, 2018. Net…
Privatisation: Evaluation study of public sector insurance companies ordered
ISLAMABAD: The Cabinet Committee on Privatisation (CCOP) has directed Commerce Division was to fast track evaluation study regarding insurance and reinsurance sector along with the need for regulatory framework improvements,…
Zurich profits jump as life insurance sales pick up
Zurich, the insurer, said that its profits jumped by a fifth last year as it reaped the benefits of cost savings, an improved underwriting performance, and higher sales of life…
EFU Life launches Insurance Chatbot
KARACHI: EFU Life, the leading life insurance company in Pakistan, has been a pioneer in groundbreaking technology, and with the customers at the heart of everything that it does, becomes…
SECP says insurers must get cyber risk insurance
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued directives to the insurance sector for protection against cyber attacks, saying the probability of cyber risk is greater today…
Insurance Ombudsman’s role in protecting industry underlined
ISLAMABAD: President of Pakistan Dr. Arif Alvi has said that Federal Insurance Ombudsman (FIO) has a very important role towards the protection of customers of insurance industry from losses. President…
NBP, United Insurance sign deal to support agriculture
KARACHI: National Bank of Pakistan and United Insurance Company (UIC) have entered a deal to support the agriculture sector of the country. According to the deal, the United Insurance Company…