Arabian Gulf flooding to hit reinsurance programs as loss figures reach into billions: Gallagher Re

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Reinsurance News - Jun 17, 2024

With torrential rains and deadly flooding impacting many Arabian Gulf countries between April 13-17, Gallagher Re estimates the market loss for United Arab Emirates (UAE) property to be in the range of $1.8 billion to $2.3 billion, while UAE Motor will fall between $350 million and 650 million. Outl...

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