Tag Archives | Insurance

Al Maseer Insurance joins IBBC

Iraq Britain Business Council (IBBC) has announced that Al Maseer Insurance Company has joined the Council. Founded in 2011, Al Maseer provide a range of insurance products covering the key sectors in Iraq: construction insurance, energy insurance, agriculture insurance, health insurance, marine insurance, motor insurance, property insurance. Chairman and  co-founder, Arak Fadhil Hameed Al-Bayati, said […]

Frontier Travel Insurance – Opportunities for Affiliates

Advertising Feature Frontier Travel Insurance is the first online insurance travel facility that is specifically aimed at the high risk and frontier markets. It provides all the essential cover that travellers will require when visiting challenging locations throughout the world. This cover is now just a few clicks away. Joining our affiliate programme is a […]

Un-Licensed Insurers “Liable to Severe Financial Penalties”

By Padraig O’Hannelly. With increasing commercial activity in Iraq, much of it by foreign-based investors, there’s a growing market for adequate insurance to cover the risks. But in a country emerging from years of chaos, how can you be sure that the insurance you buy is legal and valid? To help clarify this point, Iraq […]

AAIB Launches First Online War and Terrorism Travel Cover

Anglo-Arab Insurance Brokers (AAIB) launched the first on-line global travel plan to include war and terrorism cover as standard at the Arab Travel Markets Conference and Exhibition in Dubai on 30th April 2012. Marketed under the ‘Frontier Travel’ banner, www.frontiertravelinsurance.com offers insurance to travellers in any country in the world except the US and Canada […]

Minister Criticises Security and Insurance Companies

By Gavin Jones, Director of Iraq Business News, and Partner at consultancy firm Upper Quartile. Without doubt the security situation has improved significantly since I was last in Iraq, and made great strides in the south, where the first time I worked in Basra in 2007 we were never allowed into the city of Basra […]

Dar Es Salaam Sells Insurance Unit

Dar Es Salaam Investment Bank, a 70.1% owned subsidiary of HSBC Asia Holdings BV, has sold its 19.465% equity interest in Iraqi insurance company Dar Es Salaam Insurance to Gulf Insurance Company for a cash consideration of IQD1.557bn (approximately US$1.33m). The sale took place on 18 December 2011 and represents the disposal of a non-core […]

Marsh and AAIB Launch Iraq Land Rig Insurance

In order to meet the specific insurance requirements of oil rig drilling contractors operating in Iraq, Marsh and Anglo Arab Insurance Brokers (AAIB), Iraq Insurance today announced the launch of a new Iraq Land Rig Facility. The facility provides cover for physical loss of or physical damage to drilling rigs and associated equipment, machinery breakdown and […]

Online Iraq Travel Insurance, with War and Terrorism cover, from less than US$2 per day

As Iraq continues to prove itself as one of the fastest growing emerging markets in the world, more and more business travellers are using AAIB Insurance Broker’s unique, online Iraq Travel Insurance facility. Iraq-travelinsurance.com provides instant cover for travel to Iraq from anywhere in the world, from less than US$2 per day. Essential War and […]

Australian Govt Supports Leighton Holdings Iraq Project

A $733 million [880 billion Iraqi dinar] contract for Leighton Holdings to construct enhanced crude oil facilities in southern Iraq has been met with support from Australia’s Export Finance and Insurance Corporation (EFIC). The EFIC has provided two performance bonds worth $US36.7 million to Leighton Holdings subsidiary Leighton Offshore under a bonding line provided to […]