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Chubb Arabia in talks with AlAhli Takaful over a possible merger

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Magazine Issue: 
Coronavirus: a crash test for the Chinese insurance business [3]
Magazine date: 
Feb 2020

ChubbAlAhli Takaful and Chubb Arabia Cooperative Insurance Company are discussing a possible merger between the two companies.

The talks would result in the signing of a non-binding memorandum of understanding to study the technical and financial feasibility of such a transaction.

A number of recent mergers have been announced in Saudi Arabia, particularly the agreement between Walaa Cooperative Insurance and MetLife [4] AIG ANB Cooperative Insurance.

Mon, 02/03/2020 - 11:01

Source URL: https://www.atlas-mag.net/en/article/chubb-arabia-in-talks-with-alahli-takaful-over-a-possible-merger

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[4] https://www.atlas-mag.net/en/article/metlife-walaa-merger-approved-by-the-supervisory-authority