Reinsurance News

UAE

EMEA emerging market insurers to maintain momentum through 2026: S&P

29th January 2026

Momentum for insurers across EMEA emerging markets is set to continue, even as geopolitics and trade tensions remain the primary risks for these credit conditions, according to Tatiana Grineva, Director Insurance Ratings, S&P. Grineva, during S&P’s ‘EMEA Emerging Markets Credit Outlook For Insurers 2026’ event, highlighted the sector's remarkable staying power. The ... Read the full article

Al Wathba Insurance secures access to Lloyd’s of London

22nd December 2025

Al Wathba Insurance has become the first UAE-based insurer to secure access to the Lloyd’s of London market via the London Bridge 2 PCC structure. This strategic move, finalised through Cell 27 of the London Bridge 2 PCC, an insurance-linked securities (ILS) structure, marks a significant evolution in Al Wathba’s growth ... Read the full article

GCC Islamic insurers set for earnings decline in 2025 despite strong revenue growth: S&P

21st August 2025

Islamic and Takaful insurers in the Gulf Cooperation Council (GCC) are expected to see a sharp decline in earnings in 2025, despite continuing to benefit from solid revenue growth, according to S&P Global Ratings. S&P, a provider of credit ratings, research, and analytics worldwide, indicates that while the sector has strong ... Read the full article

ADGM plans to establish Insurance Association in Abu Dhabi

20th June 2025

ADGM has announced plans to establish the Insurance Association within its jurisdiction, marking a key milestone in advancing the insurance and reinsurance sectors both within ADGM and across the United Arab Emirates (UAE). ADGM is an International Financial Centre in the capital of the UAE, operating across Al Maryah Island and ... Read the full article

RIQ revealed as official name for AI-native reinsurance platform launched by IHC

13th June 2025

Global investment firm IHC has announced the official launch of Reinsurance Intelligence Quotient (RIQ), the newly named global reinsurance platform based in ADGM (Abu Dhabi Global Market), the international finance centre in Abu Dhabi. "The unveiling of the brand marks a significant milestone following the announcement last month and underscores ... Read the full article

UAE insurers’ operating performance remains resilient despite unprecedented rains: AM Best

7th May 2025

The operating performance of United Arab Emirates (UAE) insurers remains resilient despite the impact of severe rains early last year on full-year earnings, events that have also highlighted the region's natural catastrophe exposures, according to a recent report by AM Best. While the market traditionally considers earthquakes as the most significant ... Read the full article

UAE based Al-Futtaim Willis to be wholly managed by WTW

2nd May 2025

WTW, an advisory, broking, and solutions firm, stands to gain full managerial control of its United Arab Emirates (UAE) domiciled joint venture, Al-Futtaim Willis (AFW), following Al-Futtaim's decision to sell its 51% stake in the company. The transaction is subject to regulatory approval and is expected to close in the second ... Read the full article

UAE