MENA insurance market to see ‘flood of M&As’ in 2020

The MENA insurance market is expected to see a flood of mergers and acquisitions (M&As) in 2020, according to wholesale insurance and reinsurance broker New Dawn Risk. It said it is generally accepted that insurance markets in the Gulf Cooperation Council have long been ripe for consolidation but despite an excess of insurance businesses (there are 65 in the UAE…

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