Daily Archives: April 5, 2013
UGANDA ASSOCIATION OF INSURANCE BROKERS (UAIB) AWARDS BEST COMPANIES AS GOVERNMENT PROMISES TO ENFORCE WORKMAN’S COMPENSATION
LONDON, April 2013 — Continued growth is forecasted for Oman’s insurance market, but new Takaful licensing regulation is expected to generate additional competition for an already crowded market, according to a new report from A.M. Best Co. Over the long term, A.M. Best expects that underwriting profitability challenges could lead some insurers to exit the market, while larger insurers will maintain their leading positions.
Standard Bank Group has walked away with 11 acccolades at the 2013 EMEA Finance Achievements Awards, including being named best merger and acquisition house, best securitisation house and best syndicated loan house in Africa.
Standard Bank Group has signed a R20-billion funding support agreement for renewable energy projects in South Africa with the Industrial and Commercial Bank of China (ICBC).