Insurance companies in Turkiye paid out a cumulative TRY50bn ($2.6bn at February 2023 exchange rates) in ...
Egypt: Wethaq Takaful plans to start oil & gas insurance operations in April
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Wethaq Takaful Insurance Company Egypt has developed an integrated plan to underwrite insurance for the oil & gas industry...
Article / 2 days ago
Bahrain: ACE Gallagher wins tender to form insurance captive for energy group
Bapco Energies, an integrated energy group, has signed a strategic agreement with Ace Gallagher for the latter to provide consulting services for the establishment and management of a captive insurance company.
Bapco Energies, an integrated energy group, has signed a strategic agreement with Ace Gallagher for the latter to provide consulting services for the establishment and management of a captive insurance company.
Article / 2 months ago
Saudi Arabia: Oil giant's captive insurer's financial performance expected to remain strong
Saudi Arabian Oil Company's (SAOC) captive insurance company, Bermuda-based Stellar Insurance, is expected to show a strong performance in 2023 and prospectively...
Saudi Arabian Oil Company's (SAOC) captive insurance company, Bermuda-based Stellar Insurance, is expected to show a strong performance in 2023 and prospectively...
Article / 4 months ago
Turkiye: Liability insurance requirements take effect covering nuclear facilities and activities
The working procedures and principles of Turkiye's Nuclear Insurance Pool are set out in a regulation that took effect on its publication by the Insurance and
The working procedures and principles of Turkiye's Nuclear Insurance Pool are set out in a regulation that took effect on its publication by the Insurance and
Article / 5 months ago
Tanzania: Insurers form agricultural and oil & gas consortia
Several Tanzanian insurance companies recently established a consortium for insuring large and valuable projects in the country to reduce reliance on foreign insurance companies, revealed Commissioner of Insurance, Dr Baghayo Saqware.
Several Tanzanian insurance companies recently established a consortium for insuring large and valuable projects in the country to reduce reliance on foreign insurance companies, revealed Commissioner of Insurance, Dr Baghayo Saqware.
Article / 6 months ago
Turkiye: Nuclear plant insured for nearly US$800m
Akkuyu Nuclear Power Plant (Akkuyu NPP), billed as Turkiye's first nuclear power plant, is insured for nuclear liability risks for EUR700m ($773m).
Akkuyu Nuclear Power Plant (Akkuyu NPP), billed as Turkiye's first nuclear power plant, is insured for nuclear liability risks for EUR700m ($773m).
Article / 11 months ago
Saudi Arabia: Oil giant's captive unit posts strong underwriting gains
Bermuda-based Stellar Insurance, an indirect wholly-owned captive insurer of Saudi Arabian Oil Company (Aramco), has reported strong operating results over the past five years
Bermuda-based Stellar Insurance, an indirect wholly-owned captive insurer of Saudi Arabian Oil Company (Aramco), has reported strong operating results over the past five years
Article / 1 year ago
Tanzania: 22 insurers form oil & gas consortium to retain business in the country
A consortium of 22 insurance companies in Tanzania has been formed to work on significant oil and gas projects, including the $30bn Lindi's Liquefied Natural Gas (LNG) project and the $3.5bn East African Crude Oil Pipeline.
A consortium of 22 insurance companies in Tanzania has been formed to work on significant oil and gas projects, including the $30bn Lindi's Liquefied Natural Gas (LNG) project and the $3.5bn East African Crude Oil Pipeline.
Article / 1 year ago
Uganda: Oil & gas, marine and agricultural insurance expected to boost reinsurance premiums
The opportunities for Uganda's reinsurance industry lie in the oil gas business where huge-value projects are or will be undertaken...
The opportunities for Uganda's reinsurance industry lie in the oil gas business where huge-value projects are or will be undertaken...
Article / 1 year ago
Turkey: Nuclear insurance pool to be established this year
A nuclear insurance pool will be established in order to provide coverage against the risks faced by operators of nuclear facilities, according...
A nuclear insurance pool will be established in order to provide coverage against the risks faced by operators of nuclear facilities, according...
Article / 2 years ago