UAE: Nexus Underwriting to acquire MGA Arma

Published on January 1, 2025
Nexus Underwriting (Nexus), a Brown & Brown group venture, has entered into an agreement to acquire Arma Fusion Limited, the parent company of Arma Underwriting Limited (Arma).
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Moody’s adjusts global P&C insurance outlook to stable

December 31, 2024
Ratings agency Moody’s has changed its outlook for the global property and casualty (P&C) insurance sector to stable from negative for 2025.The stable outlook is driven by factors such as improved personal lines pricing adequacy, commercial lines pricing remaining supportive of healthy results, and the fact investment income is expected to remain strong.Analysts at Moody’s explained that this chan

UAE: Market reaches almost $14bn in first three quarters of 2024

January 1, 2025
The UAE insurance sector maintained its growth trajectory in the first three quarters of 2024 as well. According to the Quarterly Economic Review issued by Central Bank of UAE (CBUAE) in December