UAE: ADNIC's gross premiums up 11% to US$626 mln
Source: Middle East Insurance Review | May 2013
Abu Dhabi National Insurance Company (ADNIC) has posted an 11% y-o-y growth in GWP to AED2.3 billion (US$626.2 million) last year. Overall premium retention ratio grew to 57% from 55% in 2011, underpinned by a balanced reinsurance programme reflecting the company's enhanced prudent risk appetite.
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