Dubai Insurance Co , PSC
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Dubai Insurance Company
(DIN) was incorporated by His Highness Late Sheikh Rashid Al Maktoum as the
first local company in the UAE.
Since then, DIN has always
provided excellent service to its Clientele. The major transformation took
place when the newly, agile and proactive Board of Directors were elected in
early 2006. Dubai Insurance’s new Board of Directors together with the new
management team tripled and doubled its revenue, profitability and client
offering while maintaining the same unique values the founders were keen to
establish.
Revenue multiplied from Aed
24M in 2006 to Aed 1.2B In 2021 without compromise on profitability. Under its
composite P&C and Life License, Dubai Insurance offers a varied portfolio
of products including Property, Liability, Marine, Group Life and Medical and
many other specialty lines including Credit and Surety.
In acknowledgement of its
performance and outlook, AM Best has assigned Financial Strength Rating of
A-(Excellent) with Positive outlook and A3 With Stable Outlook By Moody's.
Dubai Insurance prides
itself in partnering with leading international reinsurers to offer our clients
the solutions necessary for all their traditional and non-traditional risk
management needs.
In the past 15 years, Dubai
insurance has seen a steady growth, in profits as well as premiums. What we are
most proud of, is our contributions to the community and working closely with
government entities to ensure that the community living here or visiting have
the necessary insurance protecting them and making society work at peace. Over
the course of 15 years, we, at Dubai insurance have worked hard to consistently
maintain or increase our rating score and these steady increases in growth can
be witnessed throughout the years.
Latest Pressrelease Summaries
Threads
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. informed Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, that the Board of Directors met on July 30, 2024, at 11:00 am at the company's head office. During the meeting, they approved the 2nd Quarter Financials of 2024 and reviewed circular No. 2964/2024 concerning principles of sustainability disclosures. The notice was signed by Sahem Abdel Haq, Head of Legal & Compliance.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has announced a Board of Directors meeting scheduled for Tuesday, July 30, 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the second quarter of 2024. The announcement was made by Sahem Abdelhaq, Head of Legal & Compliance, and addressed to Mr. Hamed Ahmed Ali, Chief Executive Officer of Dubai Financial Market.
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Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Company (P.S.C) has announced that credit rating agency AM Best has upgraded its Financial Strength Rating to A (Excellent) and its Long-Term Issuer Credit Rating to “a” (Excellent). The company cites the upgrade as a reflection of its strong financial standing and the increasing trust in its diverse insurance products. The firm remains dedicated to upholding its high standards and continuing its progress.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that its Board of Directors met on February 12, 2024, to review and approve the company's Q1 2024 financials. The board also reviewed Circular No. 2224/2024 concerning financial reporting and external audit regulation for insurance companies. The information was communicated by Sahem Abdel Haq, Head of Legal & Compliance at Dubai Insurance Co.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the CEO of Dubai Financial Market, Mr. Hamed Ahmed Ali, of a scheduled Board of Directors meeting. The meeting is set to take place on 14th May 2024, at 11:00 am at the company's head office. The purpose of the meeting is to approve the financial results for the first quarter of 2024. The notification was sent by the Head of Legal & Compliance, Sahem Abdelhaq.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has informed the Dubai Financial Market that Mr. Mazen Dalati has withdrawn his nomination from the company's Board of Directors. The communication was made by Sahem Abdelhaq, the Head of Legal & Compliance at Dubai Insurance Co.