ACE Arabia announces obtaining extension of SAMAs temporary approval

14/03/2013 08:21 AST

ACE Arabia Cooperative Insurance Company announces the receipt via the post Wednesday 1/5/1434H corresponding to 13/3/2013, the extension of SAMAs temporary approval of 25 insurance products for further six months commencing from 6/5/1434H corresponding 18/3/2013, by the virtue of agency letter dated 23/4/1434H corresponding 5/3/2013.

Products which their temporary approval had been extended are:

1. Personal Accident.

2. Plate Glass.

3. Contractors Plant and Equipment.

4. Loss of Profits following Machinery Breakdown.

5. Business Interruption.

6. Property All Risks (ABI).

7. Property All Risks (LM7).

8. Marine Land Transit Open.

9. Marine Land Transit Single Shipment.

10. Marine Cargo Open.

11. Marine Cargo Single Shipment.

12. Hull Insurance.

13. Truckmen Cargo Liability.

14. Jewellers Block

15. Comprehensive Crime

16. Products Liability

17. Travel Insurance

18. Contractors All Risk

19. Deterioration of Stock

20. Electronic Equipment and Data Processing

21. Erection All Risks

22. Machinery Breakdown

23. Fire Insurance

24. Householders and House Owners Comprehensive

25. Property All Risks (Standard)

Tadawul