Oman Re posts sharp 83% climb in after-tax profits in 1Q2024

Published on May 1, 2024
Oman Re, the Sultanate of Oman's sole reinsurer, has announced a significant surge in its net profit after tax for the first quarter of 2024, reaching an impressive OMR977K ($2.5m).
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Saudi Arabia: Fitch assigns Arabian Shield 'A-' IFS Rating

May 1, 2024
Arabian Shield Cooperative Insurance Company (ASC) has been assigned an Insurer Financial Strength (IFS) Rating of 'A-' by Fitch Ratings.

James Wilson to lead FRM’s newly launched M&A and Transactional Risks division

May 1, 2024
Factor Risk Management (FRM), an independent global advisor and broker of litigation finance and after-the-event legal expenses insurance, has launched its M&A and Transactional Risks division, to be led by James Wilson.Camila Carvalho joins Wilson, who has been appointed Head of M&A and Transactional Risks, as Associate Director.The pair have been tasked with driving the newly launched practice,