UAE: Non-life underwriting gains drive ADNIC's operating performance

Published on September 10, 2023
Abu Dhabi National Insurance Company (ADNIC) has a track record of strong operating performance, illustrated by a five-year (2018-2022) weighted average return-on-equity ratio of 13.8%, says AM Best.
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Hard market to continue with disequilibrium in demand and supply: Swiss Re Institute

September 9, 2023
A disequilibrium in demand and supply of non-life insurance is expected to persist, and with it a continuation of current hard market conditions, especially in property catastrophe lines, according to Swiss Re Institute.Driven by increased natural catastrophe activity as well as inflation, demand for insurance protection has risen since 2017, which is resulting in higher replacement values, analys

UAE: Dubai National Insurance appoints A R Srinivasan as CEO

September 10, 2023
Dubai National Insurance (DNI), one of the leading insurance companies in Dubai, has appointed Mr A R Srinivasan as its new CEO.