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There was a 3.8% year-over-year growth in the net profits of 23 UAE-listed insurers to AED1.41 billion United Arab Emirates dirham ($384 million) in the first nine months of the year, Middle East Insurance Review reported citing Emirates News Agency. The growth indicates continued activity in the insurance sector while most other sectors struggled with a slowdown in activities over the past months.
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2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
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