Gulf flooding to push up reinsurance costs: Moody’s
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Gulf flooding to push up reinsurance costs: Moody’s

‘Strong reinsurance cover’ in the UAE, Oman and Saudia Arabia is to be triggered.

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Photo: Alamy

Flooding that struck the Gulf Cooperation Council (GCC) area, including the United Arab Emirates (UAE), Oman and Saudi Arabia, will drive up reinsurance costs for local carriers, according to Moody’s.

The

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