Gross written premiums rose by 14.5% y-o-y to AED40.9bn ($11.1bn) in 1H2025, driven largely by a 17.8% increase in property and liability insurance, a 12.7% rise in health insurance, and an 11.2% gain in life insurance and savings.
Takaful Emarat Insurance Company (Takaful Emarat) has announced the appointment of Mr Adnan Sab'a Al Aish as CEO effective September, said the shariah-compliant life and health takaful provider in a press release last week.
The travel insurance market in the UAE has witnessed a notable surge in demand, driven by the rapid and unpredictable changes in the global aviation and travel sectors.
In Abu Dhabi, Al Wathba National Insurance has appointed Mr Shukri Almheiri Musabah Humaid Almheiri as CEO.
Dubai-based Union Insurance Company has improved financial performance follows the discontinuation of several unprofitable lines of business in 2023, including the Oman Credit life product and individual life business in the UAE, says Fitch Ratings.
ISA Solutions, a specialty reinsurance broker and MGA, has announced a significant expansion of its capabilities with the launch of new binding authority agreements.
Abu Dhabi National Insurance Company (ADNIC), a leading regional multi-line insurance provider, and Allianz Trade, the global leader in trade credit insurance, announced yesterday that they have established a long-term strategic partnership.
Howden UAE has appointed Mr Zacarias Saadioui Regueiro as CEO, subject to final regulatory approval, according to Howden's LinkedIn page.
Lockton has announced the promotion of Mr Naji Abboud to senior executive officer for its Dubai International Financial Centre (DIFC).
Abu Dhabi-based Insurance House (IH) has announced its accumulated losses as of the end of the second quarter of the year and the measures taken to deal with them, according to a statement lodged by the company with the Abu Dhabi Securities Exchange.