A new insurance company, United Insurance Company (UIC)

Endowed with a capital of 17 million USD, United Insurance Company (UIC) is the first of the four approved private companies poised to become operational as of April 2006. Syrian, Lebanese, Kuwaiti and Saudi investors stand among UIC's main shareholders. UIC's technical management will be entrusted to United Commercial Assurance Ltd. (Lebanon), one of the major shareholders and initiators of the project. Izzat Estwany has been appointed as the company's General Manager. The management of the Aleppo's branch has been assigned to Marwan Affak.