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International

Intermediary’s future in doubt after top officials resign: A.M. Best

November 28, 2017 Reprints

A report by U.S.-based ratings agency A.M. Best Co. Inc. said that chief executive and chief financial officer of U.A.E.-based insurance intermediary Emirates Retakaful Ltd. have resigned throwing into doubt its viability as a going concern, Middle East Insurance Review reported. Emirates Retakaful is also looking at a potential sale of the company. The firm lacks scale and has struggled to grow due to a soft global reinsurance market, the report said.

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Intermediary’s future in doubt after top officials resign: A.M. Best

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