Dubai Multi Commodities Centre (DMCC) and Euler Hermes have signed a Memorandum of Understanding (MoU) to enhance mutual cooperation. Ahmed Bin Sulayem, executive chairman, DMCC, said: “With over 6,600 companies currently operating from the JLT Free Zone, it is essential that we offer our members the most appropriate products and...
QBE announced the launch of its Premises Environmental Liability (PEL) and Contractors Environmental Liability (CEL) products in the Middle East. The PEL product is designed to protect businesses from pollution and environmental damage arising from their properties and associated business activities whereas the CEL product will respond to damage caused...
AXA Insurance Gulf announced the launch of ‘Motor Select,’ its new car insurance solution aimed at offering unmatched value for money. This new product offers customers the choice to select the car insurance covers and options they need – thus extending customised insurance packages at an affordable price keeping the...
The National Health Insurance Company-Daman has been awarded with three international accreditations in recognition of the quality of its management systems. The awards for Pharmacy Benefit Management (PBM), Information Security Management and total Quality Management System were accredited by independent bodies, which set the global standards for quality administration. Commenting...
Mr. Henri de Castries, chairman and CEO of AXA group announced plans to accelerate AXA Gulf’s growth in the region. The plans were unveiled during the one-day visit of Mr. de Castries to the UAE. The visit followed a two daylong visit to the Kingdom of Saudi Arabia and Bahrain....
Agencyport Software announced that Emirates Insurance Company (PSC) has purchased the software vendor’s risk exposure aggregation solution Open Xposure for use in its recently established international division, EIC International. EIC International provides facultative reinsurance capacity to the Afro-Asian energy market. To compete with established global players, regional reinsurers must be...
“Companies based in the GCC area are increasingly aware that the uneven global environment requires adopting risk management tools such as credit insurance that can protect financial strength in the long run,” said Massimo Falcioni, CEO, Euler Hermes GCC. The figures were announced at Euler Hermes’ press briefing in Dubai...
Xpress Money launched the industry’s first free life insurance cover scheme for its GCC remitters in partnership with Union Insurance. Designed specifically to suit the blue collared population, this monthly renewable free life insurance scheme is available to any person remitting money through Xpress Money. This scheme will provide a...
The Sharjah Health Authority (SHA) has announced the introduction of a new unified health insurance scheme for Emirati employees and their families, which will begin in June. The Authority informed government departments in the emirate to collect old insurance cards from employees and replace them with new insurance cards from...
A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” for ARABIA Insurance Company s.a.l. (AIC) (Lebanon). The outlook for both ratings remains stable. The ratings of AIC reflect its good level of risk-adjusted capitalisation, together with a well-diversified business profile and...
