Monday 19, November 2012 by Robin Amlôt

Salama reports ‘very disappointing’ Q3 loss, says Arqaam Capital

Salama recorded an underwriting loss of AED 143 million against an underwriting profit of AED 58 million in the same period last year. Salama - Islamic Arab Insurance Company also turned in a net loss of AED 148 million, compared to a profit of AED 18 million in Q3 2011 on the back of rising claims in both motor and non-motor segments and a fall in gross written premiums (GWPs).

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