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Category :Insurance

New equity Fund Worth $4.9 Billion Formed in China

Global Business Magazine April 26, 2023

Nearly a dozen state-owned life insurers and one state-owned fund manager in China have established an equity investment fund worth $4.9 billion. However, Read More

Business Earthquake Economy Environment Featured Finance Insurance Investments News Regional World

Turkiye and Syria Earthquake Losses Comprise Over Half of Global Economic Losses in Q1-2023

Global Business Magazine April 18, 2023

The devastating earthquake in Türkiye and Syria on February 6, whose economic losses were approximately $39.1 billion, drove global natural disaster losses in Read More

Insurance Featured Finance News Regional

DNIR approves a 30% cash dividend at the Annual General Meeting

Global Business Magazine April 4, 2022

Following the conclusion of the AGM's annual general meeting today, Dubai National Insurance & Reinsurance PSC (DNIR) approved the distribution of 30% cash dividends (Read More

Insurance News World

U.S. insurer AIG’s life and retirement unit files for IPO

Global Business Magazine March 29, 2022

The holding company of U.S. insurer American International Group Inc's (AIG.N) life and retirement business, SAFG Retirement Services Inc, filed Read More

Insurance Featured News Regional

GCC Insurance Industry Poised To Grow In Post-Pandemic Era

Global Business Magazine February 10, 2022

Overcoming the hurdles caused by COVID-19 pandemic, the GCC Insurance market is set to grow at the rate of 3.2% from $26.5 billion in 2021 Read More

Insurance COVID-19 Finance News World

Insurer MetLife’s quarterly profit beats on higher investment gains

Global Business Magazine February 3, 2022

MetLife Inc's (MET.N) fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit Read More