The board of directors of UAE-based Islamic Arab Insurance Company (Salama) has adopted a resolution to reduce the issued share capital of the company by AED475,710,293 ($129.5m), according to a statement lodged with the Dubai Financial Market on 11 September.
Kennedys, a global litigation and dispute resolution firm with a specialisation in insurance, has promoted 31 senior associates across its various offices globally, to legal director, including Mr Daniel Bunoza in its Dubai office. Ac
Lockton Re, the reinsurance business of the world's largest privately held independent insurance broker, has launched a new operation in Dubai.
RIQ, the AI-native reinsurance platform and a subsidiary of International Holding Company (IHC), has entered into a strategic reinsurance collaboration agreement with ADNOC, a leading diversified energy group, wholly owned by the Abu Dhabi government.
Policybazaar for Business, the B2B arm of Policybazaar.com, has announced the launch of its reinsurance operations in Oman, Qatar, the UAE and Sri Lanka, taking a technology-driven reinsurance model to international markets.
Dubai Islamic Insurance and Reinsurance Co (Aman) has announced that it will hold a general assembly meeting on 18 September to discuss developments in the company's loss management plan, that was approved by shareholders in February 2023, and the continuity of the company's operations.
Atrea Risk Solutions DIFC has chosen Dubai International Financial Centre as its strategic base to serve clients across the MEASA region, according to a post on the LinkedIn account of DIFC.
A study by the Central Bank of the UAE (CBUAE) has assessed the financial implications of climate-related disasters for the financial system, including the broader macroeconomic impact, losses from business disruptions and insurance sector spillovers.
United Fidelity Insurance Company (Fidelity United) has announced capital injection of AED107m ($29.1m) that increases its paid-up capital to AED267m ($72.7m).
HDI Global's Dubai office surpassed expectations in several segments and hired key talents to support its unabated growth ambitions in the MENA region, according to the corporate and specialty insurer in a statement on its interim financial results.