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FINANCIAL NEWS
Union Insurance gross premium hits USD90.09m in H1
17 Aug 2015
(MENAFN) Union Insurance Company, a provider of innovative customer-focused insurance products to individuals and organizations in the region, reported a 12 percent rise in gross insurance premium.
The UAE-based company’s gross insurance premium surged to USD90.09 million as of the end of June 30 of this year, increasing from USD80.29 million registered in the same period a year earlier.
The company’s total assets increased from USD242.25 million at year-end 2014 to USD267.29 million in June. Union Insurance’s gross technical profit rose 8 percent to USD14.42 million reported in 2015.
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