Middle East
Middle East | 12 Jan 17
UAE commission ban may face ‘two-year delay’
The UAE Insurance Authority (IA) is to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a ‘two-year delay’, sources have told International Adviser.
OMI’s Dolan succeeds Bradshaw as global sales director
Brendan Dolan, a veteran of the Middle East and Africa life industry, is to take over the position vacated by Marcel Bradshaw as head of sales worldwide for Old Mutual International, part of Old Mutual Wealth.
Middle East | 4 Jan 17
DFSA rules out ban on commission, Insurance Authority update
The Dubai Financial Services Authority (DFSA) has no proposals to ban commission, according to chief executive Ian Johnston.
Life offices fight for survival post commission disclosure
Proposals that could significantly change how insurance companies operate in the UAE stand to benefit Isle of Man-based life companies over the longer term, according to key industry figures on the island.
Investors Trust Assurance moves to a bigger office in DIFC
Investors Trust Assurance, an offshore insurance and investment company, has moved to a bigger office within the Dubai International Financial Centre (DIFC).