RIYADH: Dubai's Shuaa Capital, the leading asset management and investment banking platform in the region, has announced that its insurance assets under management have grown to $136 million to date, and are expected to reach half a billion dollars within the next three years.
Over the past three years, WAM reported, Shuaa has managed the equity and debt (fixed income) portfolios of five major insurance companies through its managed funds and discretionary portfolios.
Shuaa managed funds provide insurance investors with the opportunity and comfort to invest in a regulated fund structure that is diversified, achieves cost efficiencies and economies of scale, and creates consistent, long-term value.
The firm's extensive knowledge of the insurance sector, combined with its asset management capabilities, has solidified its position as the partner of choice for insurers seeking higher and more consistent returns through diversification strategies that meet regulatory requirements.
Around 84 percent of insurers in the GCC maintain capital adequacy above the confidence level 'AAA' in their capital model, compared to about 59 percent across EMEA, according to the S&P Global Ratings' 2021 GCC Insurers Report.
Insurers in this region continue to seek investments that have low volatility and generate stable cash income that can help them manage their assets and liabilities.
