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Joint venture between AXA and Barthi Enterprises

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Reduction of compulsory insurance tariffs in the country of the rising sun

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Tokio Marine Holdings to sell its life activities in South-East Asia
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Adamjee Insurance Company ceased its activities in Saudi Arabia

May 13, 2013
Saudi Arabia

The first Pakistani insurance company Adamjee Insurance Company Ltd. (AICL) has stopped its activities in Saudi Arabia. The company, facing financial difficulties, could not raise its minimum capital to 100 million SR, as required by the new code.

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