ADNICAbu Dhabi National Insurance Company (United Arab Emirates; also seen as ADNI)
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While it is expected that ADNIC will return to technical profitability in 2016, the company will be challenged to produce robust results given the fierce competition in the UAE market.
The joint campaign which allowed shoppers a chance to win cash discount vouchers from ADNIC to insure their motor vehicle during the month of Ramadan was the contributor to the success of our activities during Ramadan," said Shraim.
The introduction of Protect Plus follows the renewal of the partnership between Emirates NBD and ADNIC in which the Company provides protection for loans and certain life events to the bank's retail customer base through a series of bundled insurance products.
ADNIC and Talbot have created URSME as a managing general agency based in Dubai.
Khalifa Mohamed Al-Kindi, Chairman of ADNIC, said, "The Board of Directors supports the corrective actions taken by the management, and is confident that these steps along with the enhancement of the company's reserving policy will stir ADNIC in the right direction going forward.
In his new role, Woodward would direct underwriting for ADNIC s commercial and consumer lines.
The $54,450 to be paid by the three guilty parties, Emirates Palace, Kempinski Hotels and ADNIC, is to cover Creane's past "medical bills, future life-long care and bills, and treatment, loss of earnings in the past and until she reaches retirement age and emotional damages".
Dubai The ADNIC Yas Run, the first 10km running event to be held at Yas Marina Circuit, may still be a few months away, but it has already sparked a friendly exchange of banter between Khadeejah Sani and her younger brother Mohammad.
ADNIC, owned 25 percent by the Abu Dhabi government, booked 307 million dirhams in impairments on investments last year, which sent net profit tumbling to 52 million dirhams in 2009 from 210 million dirhams a year earlier.
Summary: Joint venture between ADNIC and Talbot Underwriting to target MENA region
Best believes that ADNIC is likely to experience growth rates of around 15% in the coming two years as it continues the company's expansion of its distribution network and explores further opportunities from personal lines of business.
The insurance policies that ADNIC will provide will cover the bank's UAE National Customers in the unfortunate event of death or disability, while also providing them property cover against all risks during the construction and post-completion phase.