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International

UAE floods likely to impact insurers’ earnings

April 23, 2024 Reprints

S&P Global Ratings Inc. expects the recent floods that affected the U.A.E. to impact the earnings of most local insurers, Middle East Insurance Review reported. The agency said that it is too early to assess the complete financial impact of the floods and negative rating actions are unlikely at this time.

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UAE floods likely to impact insurers’ earnings

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