Hedge Funds & Alternative Investments
Insurance
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Smaller insurance brokers may be nudged out of the market by new IA regulations
Smaller insurance brokers may be pushed out of business after the UAE Insurance Authority (IA) issued a new circular on Monday strengthening its capital adequacy regulations. According to the IA's Decision document, brokers must maintain paid-up capital levels of 100 per cent with failure to do so risking intervention from…
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