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Gulf Insurance’s net gains rise by 10% in 2013

Gulf Insurance Group, the largest insurance group in Kuwait and a leading regional insurer, has posted net profits of KWD10.2 million (US$36.2 million) for 2013, representing an increase of around 10 percent compared to the KWD9.27 million reported for 2012.Premiums increased by 8 percent in 2013 reaching KWD157 million, the company said in a statement. Investment profit and other income reached KWD8.4 million for 2013 Read More »

Pakistan to host the 2nd SAARC Insurance Regulators´ Meet & International Conference

The 2nd SAARC Insurance Regulators´ Meet & International Conference is being held from 14-16 April 2014 at the Movenpick irfan-siddiquiHotel, Karachi (Pakistan).With the strategic support from the World Bank and the Asiannadeem Hussain Development Bank, the Securities and Exchange Commission of Pakistan (SECP) is hosting this event as a sequel of the 1st SAARC Regulators Conference held in Dhaka, Bangladesh, last year. A diversified array of speakers and presenters will share Read More »

NBP IS AWARDED “GOLD MEDAL ON CORPORATE SOCIAL RESPONSIBILITY”

His Excellency Prime Minister Islamic Republic of Pakistan, Mian Muhammad Nawaz Sharif conferred Gold Medal to NBP for its contributions in Corporate Social Responsibility front. President & CEO NBP, Syed Ahmed Iqbal Ashrafreceived the NBP’s gold medal during the 37th FPCCI Export Trophy Awards held on February 8, 2014 at PC Hotel in Lahore.This award is a top slot award ... Read More »

American Life Insurance Annual General Meeting

America Life Insurance Company Limited informed Karachi Stock Exchange about election of directors in Annual General Meeting 1383330977_561849846_1-Met-Life-to be held on March 25, 2014 at Institute of Chartered Accountants of Pakistan, Karachi.Numbers of persons who have offered themselves to be elected are the same as directed by the Companies Ordinan Read More »

SECP Company organise investor awareness seminars

The strategic objectives of the Securities and Exchange Commission of Pakistan (SECP) include developing an efficient and dynamic CDC,-insurance-takaful-companies-sign-MoU-to-reduce-fraudulent-practicesregulatory framework that fosters principles of good governance in the corporate sector, ensuring proper risk management procedures in the capital market, and protecting Read More »

JCR-VIS reaffirms Rating of EFU Life Assurance Limited at AA

JCR-VIS Credit Rating Company Limited has reaffirmed the Insurer Financial Strength (IFS) Rating of EFU Life Assurance Ltd. efu-life-logo(EFU Life) at ‘AA’ (Double A). Outlook on the assigned rating is ‘Stable’. Read More »

Insurance Claims US$110 mln paid for Malaysia Airlines MH370 which ‘ended’ in Indian Ocean

Malaysia Airlines (MAS) has already been handed US$110 million by insurers over the loss of its missing Boeing 777 on Flight MH370 which Malaysian Prime Minister Najib Razak announced late last night had "ended" its journey in the southern Indian Ocean.Speaking at an emergency press conference in Kuala Lumpur, Mr Najib said that fresh data gleaned from British satellite firm Inmarsat confirmed that the plane flew along a southern corridor ins Read More »

CropInsurers of India may face US$16.4-mln loss

India General insurers may face claims ranging up to US$16.4 million arising from massive crop damage, following hailstorms in the western state of Maharashtra earlier this month."As per our initial estimates Read More »

General insurance companies to increase paid-up capital

The SECP had directed General insurance companies in 2007 to gradually increase their paid-up capital from Rs80 million to Rs300 million by the end of 2011. However, the capital of 40 companies operating in the country at the end of 2012 varied from company to company. Read More »

Jubilee Life Insurance chalks up healthy profit

Jubilee Life Insurance also announced a final cash dividend at Rs3.50 per share, or 35%, which is in addition to an interim dividend already paid at Rs2.50 per share. Read More »