Daily Archives: June 1, 2018

Chubb Arabia Cooperative Insurance Company s’est vu attribuer la notation A3 de solidité financière des compagnies d’assurance par l’agence Moody’s

AL KHOBAR, Arabie saoudite, 1er juin 2018 /PRNewswire/ — L’agence Moody’s Investors Service a annoncé qu’elle a attribué une notation A3 de solidité financière des compagnies d’assurance (IFSR selon l’anglais) à Chubb Arabia Cooperative Insurance Company.

Chubb (PRNewsFoto/Chubb)

Basée à Al Khobar, en Arabie saoudite, Chubb Arabia est une grande compagnie d’assurance multi-lignes pour les biens commerciaux et multirisques, qui propose également de l’assurance accidents aux particuliers et des contrats d’assurance vie collectifs à un groupe diversifié de clients.

Abdul Aziz Al Khereiji, directeur général de Chubb Arabia Cooperative Insurance Company, a déclaré :

« Je suis ravi et très honoré de voir que Moody’s a attribué une notation A3 de solidité financière des compagnies d’assurance à Chubb Arabia. Cela représente un jalon important pour notre compagnie et reflète le travail acharné de notre équipe tandis que nous poursuivons le développement de nos activités dans le Royaume. »

Avis aux rédacteurs en chef

Vous trouverez des précisions sur l’annonce de Moody’s en cliquant sur ce lien.

À propos de Chubb

Chubb est la compagnie d’assurance IARD cotée en bourse la plus importante au monde. Présente dans 54 pays et régions du globe, Chubb offre des assurances IARD aux particuliers et aux entreprises, des assurances accidents et des assurances maladie complémentaires aux particuliers, de la réassurance et des assurances vie à un éventail de clients très diversifié. En qualité de compagnie de souscription, nous évaluons, couvrons et gérons les risques avec perspicacité et discipline. Nous indemnisons les sinistres de manière juste et rapide. La compagnie se caractérise aussi par l’étendue de son offre de produits et de ses prestations de services, l’ampleur de son réseau de distribution, son exceptionnelle solidité financière et l’excellence de ses activités dans le monde entier. La société mère Chubb Limited est cotée à la bourse de New York (NYSE : CB) et est intégrée à l’indice S&P 500. Chubb dispose de bureaux de direction à Zurich, New York, Londres et dans d’autres villes et emploie environ 31 000 personnes à l’échelle planétaire.

Chubb Arabia Cooperative Insurance Company est une filiale partiellement détenue par le groupe Chubb.

Logo – https://mma.prnewswire.com/media/324916/Chubb_Logo.jpg

Chubb Arabia Cooperative Insurance Company assigned A3 insurance financial strength rating by Moody’s

AL KHOBAR, Saudi Arabia, June 1, 2018 /PRNewswire/ — Moody’s Investors Service has announced that it has assigned an A3 insurance financial strength rating (IFSR) to Chubb Arabia Cooperative Insurance Company.

Chubb (PRNewsFoto/Chubb)

Based in Al Khobar, Saudi Arabia, Chubb Arabia is a large capacity multiline commercial property and casualty insurer which also provides personal accident and group life insurance to a diverse group of clients.

Abdul Aziz Al Khereiji, Managing Director, Chubb Arabia Cooperative Insurance Company, said:

“I am delighted and very proud that Moody’s has assigned an A3 insurance financial strength rating to Chubb Arabia. This is a significant achievement for the company and is reflective of the hard work by our team as we further develop our business in the Kingdom.”

Note for Editors

Details of the Moody’s announcement can be found here

Ab out Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Chubb Arabia Cooperative Insurance Company is a partially-owned affiliate of Chubb Group.

Logo – https://mma.prnewswire.com/media/324916/Chubb_Logo.jpg

Chubb Arabia Cooperative Insurance Company assigned A3 insurance financial strength rating by Moody’s

AL KHOBAR, Saudi Arabia, June 1, 2018 /PRNewswire/ — Moody’s Investors Service has announced that it has assigned an A3 insurance financial strength rating (IFSR) to Chubb Arabia Cooperative Insurance Company.

Chubb (PRNewsFoto/Chubb)

Based in Al Khobar, Saudi Arabia, Chubb Arabia is a large capacity multiline commercial property and casualty insurer which also provides personal accident and group life insurance to a diverse group of clients.

Abdul Aziz Al Khereiji, Managing Director, Chubb Arabia Cooperative Insurance Company, said:

“I am delighted and very proud that Moody’s has assigned an A3 insurance financial strength rating to Chubb Arabia. This is a significant achievement for the company and is reflective of the hard work by our team as we further develop our business in the Kingdom.”

Note for Editors

Details of the Moody’s announcement can be found here

Ab out Chubb

Chubb is the world’s largest publicly traded property and casualty insurance company. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. As an underwriting company, we assess, assume and manage risk with insight and discipline. We service and pay our claims fairly and promptly. The company is also defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb maintains executive offices in Zurich, New York, London and other locations, and employs approximately 31,000 people worldwide.

Chubb Arabia Cooperative Insurance Company is a partially-owned affiliate of Chubb Group.

Logo – https://mma.prnewswire.com/media/324916/Chubb_Logo.jpg

TASK FORCE RECOMMENDS MAKING HISTORY COMPULSORY SUBJECT IN SOUTH AFRICAN SCHOOLS

PRETORIA — A task force set up by the government to study the introduction of History as a compulsory subject in schools has recommended that the teaching of the subject should be phased in incrementally beginning in 2023.

The task force, chaired by Professor Sifiso Ndlou, suvmitted its report to the Minister, Angie Motshekga, here Thursday. It was given a mandate to advise on the feasibility of making history a compulsory subject, advise where History should be located in the curriculum, review the content and pedagogy of the History curriculum with a view to strengthening History in the curriculum, and to investigate the implications of making History a compulsory subject.

Handing over the report, Ndlovu said that during the consultations with various stakeholders in the provinces, four scenarios were highlighted, which led to the final recommendations. Among the scenarios was that if History becomes compulsory in Grades 10-12, it will become the 5th fundamental subject regardless of the stream the students are registered for.

Another scenario was that if History and Life Orientation (LO) are combined, History content should be transferred to LO to reinforce the teaching of citizenship and human rights, among other aspects. However, Ndlovu said that, most people rejected out of hand the transfer of content from History to reinforce the LO content and syllabus.

The Minister emphasized that the acceptance of the report by the department did not constitute any policy change just yet.

Source: NAM NEWS NETWORK

SOUTH AFRICAN PROPERTY SECTOR, PUBLIC URGED TO HELP GOVT EXPOSE COURRPTION

JOHANNESBURG — Public Works Minister Thulas Nxesi on Thursday called on representatives of South Africa’s property sector as well as members of the public to work with the government to expose corruption.

It is in all our interests to stamp out this culture of corruption, a practice which has brought this country to the brink of disaster, the Minister said at the launch of his department’s Expedited Lease Renewal Process here Thursday.

Acknowledging that poor governance and controls have led to much of the chaos in the leasing environment, Nxesi said: If you have information that officials are not acting ethically, please let me know. If you want to remain anonymous, we also have a phone line for whistle blowers.

We are now operating against the backdrop of a new political environment. I am not going so far as to say that the new dawn has arrived, but there is certainly renewed hope and confidence amongst our people.”

He emphasised that the government was committed to rooting out corruption, professionalising the organs of government to strengthen service delivery, generating investment and creating jobs and driving real socio-economic transformation in the interests of all people.

Stressing the need to engage with the big landlords when it comes to leasing properties in the big cities, Nxesi said: We are also putting in place a procurement regime, which is transparent, to deal with corruption.

Our economic circumstances as a country, as well as pressure from National Treasury, dictate that we fight corruption and State capture, which was a massive drain on public funds. At the same time, we have to improve the way we do business to contain costs and generate income.

Source: NAM NEWS NETWORK