UAE: Investment income boosts market leader's net profits in first 9 months

Published on November 1, 2024
Orient Insurance, the biggest insurer in the UAE, has reported net profit after tax attributable to shareholders of AED521.24m for the first three quarters of this year, 6.7% higher compared to
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Ivan Sit joins Chaucer as Class Underwriter, Marine

November 1, 2024
Specialty re/insurance group Chaucer has announced the appointment of Ivan Sit, an Asian Marine insurance market veteran that has been recruited to launch the company’s regional Marine offering via Chaucer’s Lloyd’s Singapore platform.Sit is regarded as a highly respected and experienced Marine practitioner with more than 25 years’ experience.As Class Underwriter, Marine, he will report to Margare

UAE: Listed insurers post combined pre-tax profits of US$544m for the first 3 quarters of 2024

November 1, 2024
Listed insurers' combined profit before tax increased by 8% to AED2.0bn ($544m) in the first nine months of the year, compared to AED1.8bn in the first three quarters of 2023.