GCC: Weaker underwriting performance slows down profit growth in 9M2024

Published on November 1, 2024
The latest financial results of 77 listed insurers across the GCC reveal a general decline in underwriting performance, with the Net Combined Ratio (NCR) rising by 1.3 percentage points, according to
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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.

GIG Jordan's credit ratings upgraded

November 1, 2024
AM Best has upgraded the Financial Strength Rating (FSR) to 'A-' (Excellent) from B++ (Good) and the Long-Term Issuer Credit Rating to 'a-' (Excellent) from 'bbb+' (Good) of Gulf Insurance Group -