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Regional unrest plus trade slump hit Lebanese insurance staff

Lebanese insurance companies were hit hard ... Lebanese insurance companies were hit hard in the first quarter of 2012 on slower economic activity due ... operational costs incurred. He added that one Lebanese insurance company had recently informed him of its ...

11/06/2012 - 15:01 - comment 0

Increased capital requirement for Lebanese insurance companies

insurance companies operating in Lebanon that the ministry will revoke the licenses of any insurer ... Bassel Fuleihan warned insurance companies operating in Lebanon that the ministry will revoke the licenses of any insurer that fails to raise its capital to at least $1.5 million by the end of June 2001 ...

15/08/2010 - 16:12 - comment 0

Global Investment House: Insurance sector - Kuwait economic & strategic outlook

includes players like Al-Ittihad Al-Watani Insurance Company, Al Daman Insurance Company, and Lebanese Suisse Insurance Company etc. Foreign companies accounted for the rest 7.8% of the insurance market ... National insurance companies account for 86.3% ...

14/08/2010 - 23:52 - comment 0

Lebanon's banks decline masked by insurance company sale

insurance company, back in June 2012. Byblos, BLOM, Audi, Bank of Beirut and BEMO are the only ... Lebanese banks posted an aggregate 2.4 percent growth in profits in 2012, but without the sale of Audi’s insurance arm, LIA Insurance SAL, results would have been ...

04/02/2013 - 09:59 - comment 0

Chaos reigns in Lebanese insurance sector

The presence of a big number of insurance companies ... Unfair and unregulated competition is hurting the Lebanese insurance sector’s growth prospects, ... companies in an unregulated business environment is hurting growth in the insurance sector,” Nabih Baaklini, ...

18/10/2011 - 09:47 - comment 0

Syria to prolongs Lebanese car insurance permit

policies, because of difficulties that had been experienced earlier in which Lebanese insurance companies ... in Syria receive coverage from the state-owned National Insurance company.    According ... the planned implementation of a decision to require that Lebanese vehicles traveling in Syria receive coverage ...

15/08/2010 - 16:16 - comment 0

AXA Insurance Gulf Distributes financial support to its Lebanese Employees

AXA Insurance Gulf announced yesterday that they have ... AXA Insurance Gulf announced yesterday that they have finished distributing a monetary relief effort ... lost their homes in Lebanon. Second, the Lebanese Business Council in the UAE towards their relentless ...

18/05/2010 - 11:18 - comment 0

Rest 'ensured': Lebanon's new 'terrorism" insurance policy will blow your mind!

Insurance companies are now offering their clients ... a representative from a well-known insurance company said on condition of anonymity. Regular life insurance ... coup or terrorism. Such kinds of insurance policies are essential for companies, contractors ...

05/02/2014 - 15:23 - comment 0

Bahrain company to sell 38.5% holdings in Al Ahlia Insurance

in the Gulf state.     Arig recently reduced its stakes in two insurers, a Jordanian and Lebanese ... The Bahrain-based Arab Insurance Group (Arig) ... equivalent to 11.85 million equity shares - i The Bahrain-based Arab Insurance ...

15/08/2010 - 11:41 - comment 0

Mergers, capital hike key to bolstering insurance sector

to industry sector experts. Like much else in the Lebanese economy, the insurance sector reported ... entail increasing capital requirements for insurance companies to, in effect, insure the insurers against ... Minister Rafik Hariri set the minimum capital for insurance companies at $1.5 million only, a figure seen ...

13/06/2012 - 08:10 - comment 0