Northern Trust has announced its appointment by Azimut (DIFC) Limited to provide asset servicing and portfolio reporting for its Dubai International Financial Centre (DIFC) funds in the Middle East. Azimut (DIFC) Limited’s Dubai-managed funds provide its investors with access to a range of investment strategies, private wealth solutions and mutual funds, both...
Alturki Holding recently took the strategic direction to improve its risk management framework and insurance program by utilising the captive insurance model and hence appointed Braxtone Insurance Management as captive insurance manager. Saudi Readymix Concrete Company is a subsidiary of Alturki, and it has established Masheed Captive Insurance Company, which is licensed...
“The effects of the coronavirus pandemic on trade and SMEs is of particular concern to ICIEC. Harsh conditions for global trade are exacerbated by the tightening of the export credit insurance market, leaving many member country businesses highly exposed. Now more than ever, international partners must come together in solidarity...
Trust Re recently announced its strategic plans to centralise all its activities in its head office in Bahrain. The company will now look to implement its restructured operational model, which focuses on profitability, cost management and maximising its core strengths. As a result, it will cease underwriting activities from its...
The Insurance Authority (IA) has been merged with the Securities and Commodities Authority (SCA) under the chairmanship of the Minister of Economy, according to an official tweet released by the office of HH Sheikh Mohammed Bin Rashid Al Maktoum, Vice President, Prime Minister of the UAE and Ruler of Dubai....
The Board of Directors of the General Arab Insurance Federation has resolved in a recently held meeting at the request of the Conference High Committee to postpone the 33rd general conference. The decision was taken considering the current circumstances owing to the Coronavirus pandemic and the need to follow safety...
UAE-based Felix, an insurance e-commerce and automation platform for insurance brokers launched in January 2019, announced that it has closed a USD800,000 seed round led by a Saudi Arabian investor with participation from the Oman Technology Fund. The company was funded USD120,000 in 2018 by Techstars and GINCO Investments. The latest seed round would help the company...
Health insurer Bupa recently announced a proposal to further increase its stake in Bupa Arabia by four percent to 43.25 percent. This follows an agreement to acquire a portion of Nazer Group’s stake in Bupa Arabia. Bupa is now submitting formal applications to the relevant Kingdom of Saudi Arabia (KSA)...
Now Health International Group and Arabia Insurance Company S.A.L have announced a new partnership to drive forward ambitious growth plans in the Middle East. This mutually beneficial partnership combines Now Health International’s global presence and expertise with Arabia Insurance Company’s local knowledge in the Middle East. Under the new partnership,...
Global health service company Cigna Corporation has announced the results of its first Cigna COVID-19 Global Impact Study, a new series of studies and part of the annual Cigna 360 Well-Being Survey. In a bid to better understand the global impact of the COVID-19 pandemic on people’s health and well-being, the...
