Seagull Insurance Services and Al Shorafa Insurance Services: license withdrawal

The Central Bank of the United Arab Emirates (CBUAE) has withdrawn Seagull Insurance Services and Al Shorafa Insurance Services from the register of insurance brokers.

CBUAE has not yet disclosed the reasons behind this decision. As the industry's supervisory body, CBUAE ensures that all insurance companies and other insurance-related professions comply with the regulations in force in the country.