VOL. XLVII

No 15

12-April-2004

LEBANON

CAPITAL MARKETS

Lebanons Insurance Sector Must Consolidate, Says Saradar Study

There is an unsustainable number of players in Lebanons insurance sector and consolidation is vital warns a study published in March this year by Saradar Investment House, the investment banking arm of the Saradar Group. Entitled The Insurance Sector In Lebanon: Overview & Outlook, the report states that while capital and reserve requirements of the 1999 insurance reform law...