ACE ARABIA RECEIVES SAMA'S TEMPORARY APPROVAL FOR ITS INSURANCE PRODUCTS

ACE ARABIA COOPERATIVE INSURANCE COMPANY announces obtaining on 18-3-1435H corresponding to 19-01-2014 the Saudi Arabian Monetary Agency (SAMA) letter No. 351000034012 dated 15-03-1435H corresponding to 16-01-2014 containing SAMA's temporary approval to use of insurance products for six months commencing from 06-05-1435H corresponding 07-03-2014, for the following products:

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.