Lebanon – Law to offer incentives for insurance mergers
Wednesday, 03 15 2017, Category: Insurance and Reinsurance, Country: Lebanon
The Minister of Economy & Trade Mr. Raed Khoury revealed during a meeting with insurance companies organized by “Chedid Capital Holding” that the ministry has finalized a draft law in order to support the mergers of insurance companies by offering incentives that encourage such mergers including advantageous loans emphasizing that “mergers contribute to the increase of the capital of the merged entity, which helps improve products”.
The owners of insurance companies and executives shared a lunch offered by “Chedid Capital” in the yachts club of Zaitounay Bey in honor of Mr. Khoury who heads the ministry, which oversees the sector.
Source: National News Agency