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NEWS DESK

PureHealth drives insurance business growth with Daman’s entry into Property and Casualty insurance market

PureHealth, the largest hospital and health insurance group in the Middle East, today announced the strategic expansion of its insurance arm, Daman, marking its transformation from a health-focused provider into a comprehensive, multi-line insurer with entry into the high-growth Property and Casualty (P&C) segment. As part of this evolution, Daman will adopt a new
Business UAE

Al Fujairah National Insurance Co. launches ‘FloodGuard’ in UAE

Unique FIST coverage for third-party insured motorists Al Fujairah National Insurance Co. (AFNIC) has launched ‘FloodGuard’ – a unique motor vehicle insurance product that covers accidental loss or damage from flood, inundation, storm, and tempest (FIST) for third-party insured private vehicles in the United Arab Emirates. FloodGuard policyholders can select coverage
NEWS DESK

SentinelOne Powers Broadest Insurance Ecosystem in the Market

SentinelOne , a global leader in AI-powered security, today announced the SentinelOne Risk Assurance Initiative, a new program to help insurers secure their clients’ networks with the world’s most advanced AI security platform. With the SentinelOne Risk Assurance Initiative, insurers can offer the SentinelOne Singularity Platform to clients at preferred rates to stop
Business

Berkshire Hathaway Specialty Insurance Welcomes Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East

Berkshire Hathaway Specialty Insurance (BHSI) today announced that it has named Louis Bidmead as Head of Transactional Liability Insurance for Asia and the Middle East. In this role he will work with BHSI’s global transactional liability team to provide BHSI’s comprehensive line of coverages to manage the risks of mergers, acquisitions, and other corporate transactions.
Business

Best’s Market Segment Outlook: AM Best Maintains Stable Outlook on Gulf Cooperation Council Insurance Markets

LONDON — AM Best is maintaining its stable market segment outlook for the insurance markets of the Gulf Cooperation Council (GCC) – comprising Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates. The maintenance of the stable outlook reflects the GCC insurance market’s solid footing entering 2023; however, the weight of headwinds facing […]