close

policy

We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Agree
Disagree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Gender
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

 
 
Latest News

Cost of insuring Dubai debt spikes to two-month high

Five-year credit default swaps (CDS) for Dubai spiked 30 basis points from the previous close to 440 basis points, according to CDS monitor Markit.

0

November 12, 2010 2:14 by



The cost of insuring Dubai sovereign debt against default or restructuring rose to a two-month high after news that a company in one of the Gulf Arab emirate’s conglomerates had missed two payments on separate loans in recent weeks.

Five-year credit default swaps (CDS) for Dubai spiked 30 basis points from the previous close to 440 basis points, according to CDS monitor Markit.

Sources told Reuters that financial services firm Dubai Group had missed two payments on separate loans in recent weeks, including one arranged by Citibank .

The emirate’s flagship conglomerate Dubai World reached a $25 billion restructuring deal with creditors in September after shocking global markets last November by calling for a standstill on its debt obligations.

(Reporting by Michel Rose and Sebastian Tong)



0

Tags: , , , ,

Leave a Comment