Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

International

Two Saudi insurers explore potential merger

December 08, 2022 Reprints

Saudi Arabian insurers United Co-operative Assurance Co. and Saudi Enaya Cooperative Insurance Co. have signed a non-binding memorandum of understanding to evaluate a potential merger, Middle East Insurance Review reported. If the proposed merger occurs, it will be carried out through a share swap deal, where United would issue new shares to Saudi Enaya shareholders in exchange for the latter’s issued shares.

1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees

Help

Two Saudi insurers explore potential merger

Readers Poll

Most Read in International

Sign up now for free access to this article and much more.

If you are already registered with Business Insurance, click here to Login

Please tell us a bit more about yourself in order to continue

About

Advertise

Reprints and Licensing

Resources