Frederik Bisbjerg

GCC Insurance Daily

20 July 2026

The day's insurance news across the GCC: regulation, governance, AI in insurance, and people moves. Curated, attributed, and linked to the source.

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GovernanceConfirmedUAE

S&P revises Al Ain Ahlia outlook to negative on weak underwriting

S&P has moved Al Ain Ahlia's outlook to negative while affirming its A- ratings, citing underwriting that lags the market, with net combined ratios of 107.5% in 2025 and 111.1% in the first quarter against a UAE norm nearer 90%, driven largely by motor third-party liability losses. The agency has flagged a possible downgrade if the combined ratio does not fall below 100% within two years, a warning that lands only weeks after the Abu Dhabi insurer's board ended chief executive Mazhar Hamadeh's tenure.

Source: Middle East Insurance Review ↗

Each item is a short editorial summary with a link to the original source. Items marked Rumour · unverified are unconfirmed and should be treated with caution. Compiled automatically; corrections welcome.