UAE: Insured losses from April floods could reach US$850m

Published on May 1, 2024
While preliminary estimated insured property losses arising from the floods in April in the UAE are likely to exceed US$650m, they could reach as high as $850m, with the most affected emirate being
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RAA elects Everest’s Williamson as Chair and PartnerRe’s Colello as Vice Chair

April 30, 2024
Jim Williamson, Executive Vice President and Group Chief Operating Officer (COO) of insurer and reinsurer Everest has been elected as the Chair of the Reinsurance Association of America (RAA).Williamson was elected Chair at the association’s 56th Annual Meeting on April 25th, 2024, with Jon Colello, President of PartnerRe elected as Vice Chair, and Nicolas Berg, Head of P&C North America at SCOR,

Qatar: QIC reports 11 % growth in 1Q net profits to over US$53m

May 1, 2024
Qatar Insurance Company (QIC Group, QIC), the leading insurer in Qatar and the Middle East North Africa (MENA) region, has reported a net profit of QAR194m ($53.3m) for the first quarter of 2024, 11%