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Insurance
Qatar’s second largest insurer, The Qatar General Insurance & Reinsurance Company (QGIR), will distribute a 20 percent share bonus following a successful year which saw the company increase its net profit to QR 2.1 billion in 2013 compared with QR 175.5 Million in 2012. 17 March 2014
Insurance
The “above average” approach to risk management from the Middle East’s energy sector may result in better rates and capacity in the insurance market, according to research by Marsh. 17 March 2014
Awards
With some 14,000 unique responses already gathered, the first stage of the annual Global Reinsurance Survey being conducted by the Intelligent Insurer in-house research team will shortly close. 13 March 2014
Insurance
The Gulf Cooperation Council (GCC) countries must diversify if they are to continue experiencing high growth rates, according to a recent report by AM Best. 11 March 2014
Awards
Some reinsurance buyers admit that they are leveraging the intense competition in the market at the moment to seek better rates – especially when placing plain catastrophe business. But most add that they are keen to maintain good relationships with the bigger reinsurers because of the other lines of business they have close relationships on. 11 March 2014
Insurance
The prospects for foreign insurers in the region of the Middle East and North Africa are deteriorating, despite strong demand and rising confidence in insurance in this part of the world. 10 March 2014
Insurance
The Dubai National Insurance and Reinsurance company (DNIR) has reported strong growth and increased profits in its 2013 but its chairman has also warned of vicious price wars among insurers and hardening reinsurance rates. 10 March 2014
Awards
Some re/insurance brokers are increasingly channelling premium to a smaller number of larger carriers. While this is sometimes at the behest of cedants, it is also occurring because of exclusive agreements they have with selected players. 7 March 2014
Awards
Some re/insurance brokers are increasingly channelling premium to a smaller number of larger carriers. While this is sometimes at the behest of cedants, it is also occurring because of exclusive agreements they have with selected players. 7 March 2014
News
Israeli insurer Israel Direct Insurance (IDI) has completed an innovative first of its kind cat bond deal using a parametric trigger facilitating protection against earthquake losses. 6 March 2014
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