Bahrain: Gulf Tamin buys stake of 13.85% in ARIG

Published on March 1, 2024
Gulf Tamin has acquired a stake of 13.85% in reinsurer Arab Insurance Group (ARIG), according to a statement filed by ARIG with Bahrain Bourse.
Continue reading on website
Other news

Marsh McLennan, Lloyd’s backed Unity expands coverage to boost Ukrainian economy

March 1, 2024
Marsh McLennan, a re/insurance broker, in collaboration with the Ukrainian government and Lloyd’s, announced the expansion of its Unity insurance facility (Unity) to now cover war risk insurance for ships carrying all non-military cargo.Initially launched in November 2023 to provide affordable war risk insurance for grain shipments and other critical food supplies globally, Unity offers reduced pr

Positive rate environment to continue as reinsurance market stabilises: Lockton

March 1, 2024
Lockton expects a positive rate environment to continue in the first half of 2024, despite 1.1 renewal activity suggesting the reinsurance market is stabilising following difficult treaty renewals a year earlier.Rates for reinsurance catastrophe coverage flattened during this year’s 1.1 renewals, mainly backed by abundant capacity, which is similarly ramping up in the quota share market, where ced