Dubai Insurance Co , PSC
About Dubai Insurance Co , PSC
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 from Dubai Insurance Co , PSC
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Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Co. has scheduled a Board of Directors meeting on Monday, December 23, 2024, at 11:00 AM at the company's head office to review the company's ordinary business. The notification is addressed to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market, and is signed by Sahem Abdelhaq, Head of Legal.
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. held a Board of Directors meeting on November 11, 2024, at 11:00 am at the company's head office. The agenda included approving the third-quarter financials of 2024, reviewing circular No. 1/2024 concerning insurance brokers regulation, and reviewing circular No. 4/2024 concerning fitness and proper regulation. The information was communicated by Sahem Abdel Haq, Head of Legal, to Mr. Hamed Ahmed Ali, CEO of Dubai Financial Market.
Dubai Financial Market News
News Update From Dubai Insurance Co , PSC
Dubai Insurance Company has scheduled a Board of Directors meeting for November 11, 2024, at 11:00 am at their head office. The purpose of the meeting is to approve the financial results for the third quarter of 2024. This information was communicated by Sahem Abdelhaq, the Head of Legal & Compliance, to Mr. Hamed Ahmed Ali, the Chief Executive Officer of the Dubai Financial Market.
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.