UAE: State-owned credit insurer set to turn around its financial results in next 3 years

Published on August 16, 2023
Etihad Credit Insurance (ECI) is expected to become profit-making in the next three years as it grows its revenue faster than its expense base following its initial start-up phase, says Fitch Ratings.
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Kuwait: Investment income pushes up GIG's net profit in 1H2023

August 16, 2023
Gulf Insurance Group (GIG) has announced a net profit of KWD25.3m ($82.5m) for the first half of 2023, an increase of 81.7% over KWD13.9m for the corresponding half last year.

HIVE Underwriters appoints David Langran as Class Underwriter

August 16, 2023
HIVE Underwriters has announced the appointment of David Langran as Class Underwriter, based in London and reporting to Chief Underwriting Officer, Bruce Carman.This announcement comes at a time when the fast-growing MGA is increasing its strength in the Aviation War classes.Langran will join HIVE on completion of his contractual obligation with his current employer Inigo, where currently, he serv