The private equity firm Gulf Capital and General Electric's Healthcare Division, GE Healthcare, are joining forces in an effort to start a chain of healthcare services and diagnostic centers in the Middle East and North Africa (MENA) region. The partnership revolves around Gulf Capital either acquiring relevant companies already in business or starting new ventures while GE Healthcare will provide…

U.S. District Judge David Hittner ruled against Lloyd's underwriters and in favor of R. Allen Stanford. Mr. Stanford can now use the Lloyd's of London D & O insurance policies to pay his lawyers during the upcoming January 2011 trial.

The International Association of Insurance Supervisors (IAIS) has given the go-ahead for the creation of a Common Framework for the Supervision of Internationally Active Insurance Groups. A task force led by Monica Mächler…

According to a recently released Gallup survey, which has taken three years to complete, 16% of all adults in over 130 countries globally - equivalent to over 700 million people - would relish the prospect of starting a new life in a different country. Unsurprisingly, the most popular migration destinations include relatively wealthy Western countries, with Saudi Arabia and the United Arab Emirates…

Prudential plc has announced a partnership with United Overseas Bank (UOB) in Singapore to distribute Prudential's insurance products through United Overseas Bank's retail network. The deal entails that in addition to the partnership, Prudential will also buy UOB Life Assurance in Singapore for S$428 million . The bancassurance partnership…

CIGNA International has announced that it will be expanding its core US business with an aim to offer comprehensive private medical coverage to clients around the world. CIGNA's spokesperson revealed that the company will launch their services for customers in Spain by the end of the first quarter 2010.

The company has said that it aims to target expatriates and high net-worth…

On Tuesday January 12 2010, the Island nation of Haiti suffered a major disaster in the form of an earthquake measuring 7.0 on the Richter scale. Although there is no threat of a Tsunami, the country…

U.S. President Barack Obama made a major address to Congress in early September 2009, in which he outlined his plan to fix…