Amana Cooperative, ACIG agree to evaluate merger proposal
Saudi Arabia-based insurers Amana Cooperative Insurance Company and Allied Cooperative Insurance Group (ACIG) are assessing the possibility of a merger.…
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Allianz mulls stake sale in Saudi arm
German insurance major Allianz is weighing options to divest its Saudi Arabian unit, Bloomberg reported citing unnamed sources. The sale is aimed…
Saudi Arabian insurer Walaa taps eBaoTech for digital transformation
Saudi Arabia’s Walaa Cooperative Insurance Company (Walaa) has selected eBaoTech’s digital insurance solution to enhance its capabilities. The insurer has selected eBaoTech’s…
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Aon launches Saudi reinsurance arm
Aon has established a new reinsurance broking division in Saudi Arabia after securing a licence from the country’s central bank.…
Saudi Arabia to merge GOSI, Public Pension Agency to form $29bn entity
Saudi Arabia has approved the merger of two state-run general insurance and pension funds to create a public sector entity…
Orient Insurance defers Saudi Arabia expansion plans
UAE-based Orient Insurance has reportedly deferred its plan to launch operations in Saudi Arabia due to the impact of the…
ByInsurers MetLife AIG ANB and Walaa explore potential merger
MetLife AIG ANB Cooperative Insurance has signed an agreement with competitor Walaa Cooperative Insurance to explore a potential merger of…
American Family Insurance to roll out MyLife policy through Frank Medina Agency
American Family Insurance is set to roll out its new MyLife policy, which will cover both short-and long-term needs of…
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