Kuwait: Al Ahelia Insurance Co gets regulator's OK to form claim management unit

Published on August 20, 2023
Al Ahleia Insurance Company has announced that it has obtained preliminary approval from the Kuwait Insurance Regulatory Unit to establish a subsidiary.
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UAE: Watania narrows net loss on higher contributions and investment income

August 20, 2023
Watania International Holding (WIH) has posted an insurance income of AED457.3m ($124.5m) for the first six months of 2023, 41% higher than the AED324.5m restated under IFRS 17 for 1H2022, according

Top 20 global reinsurers can ride out unrealised losses

August 21, 2023
While sharp rate rises in the past 18 months will benefit reinsurers' investment income in 2023 and beyond, they also led to a material decline in the fair valuation of fixed income investments held