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

Leaver steps down as CEO of Dubai Oil Exchange DME

Leaver steps down as CEO of Dubai Oil Exchange DME

The chief executive of the Dubai Mercantile Exchange (DME), Thomas Leaver, has stepped down after four years at the helm of the largest energy futures exchange in the Middle East.

0

March 7, 2012 2:14 by



Leaver’s departure comes after US-based exchange operator CME Group injected funds in February, a record month for DME oil futures trade, to boost its stake and recapitalise the DME.

“I wanted the company to get to the point where the future is far more certain,” Leaver told Reuters.

“The recapitalisation is done, volumes are on the uptick and it is time in the relay race to pass to the next guy.”

Leaver said he had decided to leave the DME after six years at the company long before CME doubled its stake in the DME to 50 percent.

DME rules dictate that his successor cannot come from one of the shareholders.

“A recruiting firm has been appointed and the search has been going on for some time,” Leaver said.

The exchange saw a record volume of DME Oman Crude Oil Futures contracts traded in February, equivalent to around 108 million barrels.

But the DME has yet to realise its long-held goal for its Oman contract to challenge Brent and US crude futures as a global benchmark. (Reporting by Daniel Fineren; editing by Jason Neely)



0

Tags: , , , , ,

Leave a Comment