Insurance World

American International Group, Inc. (NYSE: AIG), advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant Mergers and Acquisitions (M&A) insurance policy in the Middle East and North Africa region (MENA).

Global insurance broker Pacific Prime has announced it has partnered with Orient Insurance PJSE, Allianz Worldwide Care to help deliver a new international insurance solution for individuals in Dubai. The plans provide people with exceptional international health coverage coupled with Allianz Worldwide Care’s reputation as one of the best insurers in the world.

Rating agency AM Best has revised the outlooks from stable to positive and affirmed the financial strength rating of A- (Excellent) for International General Insurance Co. Ltd (IGI Bermuda) and International General Insurance Company (UK) Limited (IGI UK), the international specialist commercial insurer and reinsurer.

Abu Dhabi National Takaful Co. PSC (ADNTC), the leading takaful operator in the MENA region and one of the most progressive insurance companies in the UAE, kept the momentum of its strong Q1 2017 performance to achieve a combined net profit of AED 40.9 million (Policyholders & Shareholders before release of Qard Hasan) and an underwriting profit of AED 34.1 million in Q2 2017.

A.M. Best received the award for International Best Ratings Agency for Takaful at the International Takaful Awards 2017, held in conjunction with the 11th International Takaful Summit in London. This is the third consecutive year that A.M. Best has been awarded the International Best Ratings Agency for Takaful.