Bupa Arabia for Cooperative Insurance Co's (Bupa Arabia) board of directors has recommended a corporate restructuring through a demerger into two companies.
Chubb Arabia Cooperative Insurance has announced that its board of directors has granted in-principle approval to participate in a 10% equity investment in a new reinsurance company in Saudi Arabia.
Kuwait's Insurance Regulatory Unit (IRU) has issued a resolution to establish a Shariah supervisory advisory committee to review regulatory decisions related to takaful insurance and Shariah-compliant insurance activities.
Liva, a leading insurance group operating across the GCC, has announced two key leadership appointments as it enters the next phase of its development.