United Arab Emirates: Reinsurance

The Central Bank of UAE (CBUAE) has issued Circular 1/2025 on the Representation Offices of Foreign Insurance Companies and Foreign Reinsurance Companies Regulation...

In a recent landmark ruling following the Order of H.E. Justice Shamlan Al Sawalehi in the matter of Union Insurance Company PJSC v. International Precious Metals Refiners LLC [2024] DIFC CFI 064...

The Dubai Multi Commodities Centre (DMCC) has issued a circular ("Circular") on 1 July 2025 directing all DMCC-licensed entities engaged in insurance and insurance-related activities...

World Health Organisation (WHO) have officially declared COVID-19 as a pandemic. BSA have already received several instructions regarding coverage advice related to matters arising from the coronavirus

While the overall economic slowdown and disruption in the market has had some impact on the insurance sector as well, the UAE insurance market still seems to be going strong.

The Middle East currently places much of its capacity through the global reinsurance markets, where much of the risk is ceded out to these markets, according to Mr Simon Isgar,

A discussion on the ways of handling disputes in the UAE.

The ruling of the English Court of Appeal in The Princess of the Stars that a "follow the settlements" clause in a reinsurance policy does not negate or impinge on the general rule that a stay of English court proceedings, should be granted only in rare and compelling circumstances.

Commercial disputes before the State Courts in the UAE are characterised by exchanges of written submissions with little, if any, taking of witness evidence or oral advocacy.