New rules a new era for the UAE
On the 28 November, new rules came into effect in the United Arab Emirates making it much harder and more costly for insurance intermediaries to conduct business.
Middle East
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AES recruits Dubai employee benefits team
AES International has launched its Middle Eastern employee benefits team following the introduction of new legislation making employee health insurance in Dubai compulsory.
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Expats in UAE facing rising hidden
A recent study has highlighted some of the often overlooked hidden financial challenges for expatriates moving to the United Arab Emirates.
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ia voted most important title mid east
International Adviser has been voted the most important publication by advisers across the Middle East.
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FPI emerges from difficult H1 2014
Friends Provident International, has recovered from a difficult start to the year to reach sales of £32m in the third quarter, up more than a third on Q1 and Q2.
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Local presence key to success in Middle East
A strong local presence is key to the success of global asset managers and international life companies operating in the Gulf Cooperation Council (GCC), a new study has found.
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difc celebrates 10 year growth into global hub
The Dubai International Financial Centre (DIFC)celebrates its 10th anniversary this month, after growing the number of companies registered with it over this decade to 1,039.
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UAE advisers to form trade body
A group of leading Insurance Authority (IA) licensed advisers in the UAE are working to form an association, in light of the new regulatory regime due to come into force this month.
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MitonOptimal appoints director for
MitonOptimal has promoted Phil Penrose to director for international sales, where he will be responsible for the companys distribution across Europe, the Middle East, and Asia.
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Skandia defends position in UAE
Skandia International said it will continue to conduct business from the Dubai International Financial Centre, despite questions being raised about its regulatory position, following the announcement yesterday that Standard Life had decided to exit due to regulatory pressures”.
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Standard Life pulls out of Middle East
Standard Life International is to close its office in the Dubai International Financial Centre at the end of January next year.
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Growth continues for Standard Life in Asia
Inflows into Standard Lifes Asia and emerging markets division jumped by almost 20% during the third quarter, although the company warned regulatory change in Hong Kong and Dubai will impact future new business.