Sukoon Takaful and Ajman Bank have signed a memorandum of understanding (MOU) to establish a strategic partnership aimed at providing the bank's customers with access to Sharia?h-compliant takaful solutions that address their protection and financial-planning needs.
Tysers Dubai has welcomed Mr Ben Lott to its non-marine team. In his new role, he helps develop the property and casualty (P&C) portfolio across MENA alongside Mr Younes Younes, who joined the (re)insurance broker in December 2025.
RB Jones Global, a provider of international specialist underwriting solutions, has launched an MGA in the Dubai International Financial Centre (DIFC).
The Board of Directors of Orient Insurance, the biggest insurer in the UAE, has resolved to recommend increasing the company's paid-up capital by 100% to AED1bn ($272.3m).
Mr Mohamed Mazhar Hamadeh, a Jordanian insurance veteran and highly respected figure in the regional and international insurance market, passed away on 28 August and was laid to rest in Abu Dhabi.
Sukoon Insurance, a leading insurer in the UAE, and the trade body, Dubai Chambers, have signed a Memorandum of Understanding (MoU) to give members of the Dubai Chamber of Commerce access to customised insurance, investment, and employee benefit solutions.
Sukoon's strong market position reflects its status as the UAE's fourth-largest insurer and one of the largest insurers in the MENA region, notes Moody's Ratings (Moody's).
Insurance companies in the UAE posted a combined profit of AED4.0bn ($1.09bn) in 2025, 53.8% higher than AED2.6bn in 2024, according to the Central Bank of the UAE (CBUAE).
International wealth insurance sales in the Middle East rose to GBP3.0bn ($4.09bn) from GBP2.4bn - a CAGR of 10.4% between 2023 and 2025, according to a report by Utmost, a global provider of insurance-based wealth solutions.
Sukoon Insurance has announced the upcoming launch of its advanced Agentic AI Solution for First Notice of Loss (FNOL), a major technological milestone designed to transform the claims processing experience for its customers. This deployment will drastically reduce wait times and streamline claim registration by providing rapid, data-driven responses to customers at their most critical moment of need.