The influx of reinsurance capacity in the Mena region and the prevailing competitive market conditions has begun to place pressure on the technical performance of regional reinsurers, a report said.
The low level of insurance pene
Merger and takeover activity is likely to continue in the coming months as (re)insurers increasingly seek ways to deploy capital and create scale against a backdrop of ongoing soft market conditions and weak investment returns, a report said.
Merger and acquisition (M&A) activity and stakebuilding is gaining momentum in the Middle East as financially strong and profitable insurers seek to deploy surplus capital to broaden their profiles and satisfy shareholders’ expectation
Abu Dhabi National Insurance Company (Adnic), a leading provider of insurance solutions for individuals and corporates, has won an A (excellent) rating with a stable outlook and an A- rating with a positive outlook from leading international age
The growth of the insurance markets within GCC will continue in 2013, although at a reduced pace, as economic growth remains relatively modest this year, according to a new report.
The report, titled “GCC Insurance Markets B
Kuwait’s insurance market is experiencing a period of uncertainty, as premium growth has been volatile in recent years, and insurers currently await potential regulatory developments, a report said.
While Kuwait’s tota