UAE:Reinsurers should be public companies -- IA

By Bhaskar Raj | 05 Dec 2017

The UAE Insurance Authority (IA) will require reinsurers to be public shareholding companies with at least 51% of the capital to be owned by UAE nationals or GCC nationals or by legal persons fully owned by UAE nationals or GCC nationals, according to draft regulations on reinsurers promulgated by the regulator.

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