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

Dubai’s Abraaj in $125M Morocco Insurance deal

Dubai’s Abraaj in $125M Morocco Insurance deal

Abraaj Capital is investing about $125 million in a Moroccan insurance holding firm as it bids to tap growth prospects in Africa's nascent insurance sector.

0

March 8, 2012 3:51 by



Privately-owned Saham Finances has majority stakes in three subsidiaries: Casablanca-listed CNIA Saada, sub-Saharan insurance firm Colina and Isaaf, a firm which focuses on assistance services market in Morocco, Abraaj said in a statement.

Abraaj, the Middle East’s largest private equity firm and which recently bought private equity firm Aureos, said its investments will help Saham’s expansion and acquisition plans in Africa and the Middle East.

The Dubai-based private equity firm, founded in 2002 by Group Chief Executive Arif Naqvi, has raised $7 billion since its inception. It owns stakes in Orascom Construction, budget carrier Air Arabia, supermarket chain Spinneys and education group GEMS. Funds managed by the group have stakes in 35 companies across the Middle East region.

Last month, Abraaj teamed with the top shareholder of TransAtlantic Petroleum Ltd to buy the Canadian energy company’s oilfield services business in a deal valued at around $164 million. (Reporting by Mirna Sleiman, Writing by Dinesh Nair; Editing by Amran Abocar)



0

Tags: , , , ,

Leave a Comment