UAE: Emirates Insurance shows strong underwriting results despite intense competition

Published on August 27, 2023
Emirates Insurance Company (EIC) has a track record of strong operating performance, illustrated by a weighted average return-on-equity ratio of 8.6% over the past five years (2018-2022), says AM
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Saudi Arabia: Major insurer receives rating upgrade

August 27, 2023
Fitch Ratings says in a statement that it has upgraded The Company for Cooperative Insurance's (Tawuniya) Insurer Financial Strength (IFS) Rating to 'A' from 'A-'. Simultaneously, Fitch has upgraded

Hurricane Idalia forecast to near Gulf coast of Florida by mid-week

August 27, 2023
The coming week is set to feature the first hurricane threat to Florida of the 2023 Atlantic hurricane season, as tropical depression ten is forecast to steadily intensify, move into the Gulf of Mexico and approach the Gulf coast of Florida as hurricane Idalia by Wednesday.The insurance, reinsurance, catastrophe bond and insurance-linked securities (ILS) market will be watching the models and fore