UAE: 26 listed insurers report combined increase in 1H pre-tax profit despite April storm damage

Published on August 1, 2024
The combined profit before tax of 26 listed insurance companies in the UAE grew by 7% to AED1,044m ($284m) in 1H2024 from AED975m in 1H2023, according to Badri Management Consultancy, an
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UAE: April rain event dampens Watania's 1H underwriting gains

August 1, 2024
Watania International Holding (WIH), has reported a net profit of AED 7.9m ($2.15m) for the first half of 2024, according to interim financial statements filed by the company.

Bahrain: Solidarity completes acquisition of Al Hilal Life and Al Hilal Takaful

August 1, 2024
Solidarity Bahrain, a leading insurer in the kingdom, has announced that it has successfully completed the merger of Al Hilal Life and its subsidiary Al Hilal Takaful following regulatory approvals