Reinsurers Finding their Place in MENA
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The article focuses on a survey by Qatar Financial Centre (QFC) Authority of reinsurance markets in the Gulf Co-operation Council (GCC), which found that market sentiment remains upbeat among reinsures and brokers operating in the countries of the GCC.
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The article reports on the need of an underwriting right among Gulf Cooperation Council (GCC) insurance companies in the Middle East. It states that underwriting is a must so that insurance firms can improve their operational excellence which then lead to profitability by 20% to 30% and a boost...
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The article offers views from Gulf Reinsurance chief underwriting officer Michael Gertsch concerning the commitment of the firm to focus on the Gulf Cooperation Council in the Middle East. He emphasizes that the firm has added offshore energy and marine cargo to facultative portfolio in 2011 and...
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The article discusses the 2013 report published by financial services firm Standard & Poor's (S&P) regarding barriers to consolidation in the Gulf Cooperation Council (GCC) insurance market.
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