Arab Reinsurance Company: a new dimension
Home   |   Sitemap   |   Contact us
Follow us on
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks - Insurtech Foxquilt Raises $8M to Expand Small Business Offering in U.S. and Canada - Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P - Debt surge in emerging markets may hurt insurance outlook: Swiss Re - Zurich Insurance Weighs Selling Some Australian Non-Core Assets - Reinsurers Face Major Claims Uncertainties, but Reap Benefits of Pricing Tailwinds - Corvus, SiriusPoint announce investment & underwriting capacity partnership - Munich Re backs energy storage systems provider ESS - Climate Change Could Force 200 Million People to Leave Their Homes by 2050 - Work of the scientific community and re/insurers needed to assess climate change: Lloyd’s - Gallagher Re Touts Advanced Integrated Reinsurance Analytics Platform - London Financial Employees Return to Offices Despite Rising Virus Cases - P/C Reinsurers Maintain Underwriting Discipline, Despite Rising Capacity: Guy Carpenter - Britain Looks to Revisit Data Privacy Regulations - WTW, Applied Systems target real-time pricing enhancements - Reinsurance environment “most attractive in a decade”: SCOR’s Launay - Willis Towers Watson’s New CEO Says It Has $5 Billion for Possible Acquisitions - Lloyd’s Reports H1 2021 Profit of £1.4B ($1.9B), with 92.2% Combined Ratio - Global Reinsurers Shoulder ‘Considerable Burden’ of COVID-19 Claims - “Inflation is the enemy of the re/insurance industry,” says Swiss Re CFO Léger - Global Reinsurance Rates, Demand to Continue Rising in 2022: Moody’s - Prudential’s Michael Koller joins MS Amlin as Chief Risk Officer - Rates need to and will harden further: Swiss Re CEO Mumenthaler - Russia’s Renaissance Insurance Plans $1 Billion IPO in Moscow: Reuters
Search Search
World News & Events
Enlarge Font Minimize Font

UAE - Insurance House issues perpetual bonds

Saturday, 04 27 2019, Category: Insurance and Reinsurance, Country: U.A.E
Abu Dhabi: Insurance House PSC (“IH”) announced the successful issuance of perpetual bonds for an amount of AED 15 Million. The transaction was subscribed by a wide range of investors from private and public institutions, as well as high net worth individuals.

IH is the first Insurance Company to issue Perpetual Bonds in the United Arab Emirates. This is a great achievement for Insurance House, as it managed to complete this milestone within a few years since its inception in 2011. The Perpetual Bonds were issued to support IH’s growth plans by boosting its solvency ratios further as the company moves on to its next phase of growth.

Mohammed Abdulla Alqubaisi, Chairman of Insurance House, commented: “We are pleased to announce the successful issuance of IH’s Perpetual Bonds. The issue was received positively by the market and has further strengthened the company’s position. As a result we are now well-positioned to accelerate our future growth.”

Source: Zawya
All copyrights reserved, Arab Reinsurance 2016 ©