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Emirates Insurance posts 80PC Growth in Premium Income

ABU DHABI - Emirates Insurance Co (PSC) has registered a growth of 80 per cent in premium income for the first half of 2008, as compared to last year, way above industry growth rates.

The company established in 1983 is the first Abu Dhabi company to be assigned a Standard and Poor’s (S&P) interactive rating, and set the stage for future successes.

The rating is indicative of the financial strength and professional management of the company and comes at a perfect time when Emirates Insurance is celebrating its 25^th anniversary.

Speaking during a gala dinner at an Abu Dhabi hotel, Jason Light, CEO, Emirates Insurance Co. said, “It is with immense pride that we celebrate 25 years of excellence in Insurance. As a national organisation operating to international standards we have achieved a great level of success over the past two and a half decades, thanks to the patronage of our customers, partners and the Government.”

Over the next few years we will continue to leverage our extensive experience, intimate knowledge of the local market and strong relationships to deliver value to our clients, partners and shareholders, added Light.

Emirates Insurance key clients, agents, international re-insurance companies and brokers were among the invitees. To boost its the current Dubai branch Emirates Insurance plans to open 2 more offices in the UAE by the end of this year with a newly appointed senior management team