DIMA, the representative body for the international re/insurance industry in Ireland, today announced another record year of premium income growth in its membership. The annually-produced DIMA membership statistics show that gross written premiums for 2008 reached €26.2bn, with net premiums increasing to €21.7bn.
Other statistics include:
- total assets of DIMA members: €65.1bn
- total capital and surplus: €12.4bn
- total cash and investments: €36.2bn
- number of DIMA member companies: 61
- number of employees: 876
Sarah Goddard, CEO of DIMA, said: “Despite the general turmoil last year in the international financial services sector, re/insurance substantially has proved resistant to the tribulations affecting other areas and shown its overall resilience as an industry. In Dublin’s 20th year as an international re/insurance hub, these statistics show that the market is truly established as a leading centre for the industry. We continue to see new companies set up operations in Dublin, and the majority of companies already established here expect to see growth in their business over the course of this year.”
Commenting on DIMA’s findings, Barry O’Leary, IDA, CEO said, ‘’Another year of premium growth in DIMA membership is a welcome reflection of the resources the Irish Government with the support of IDA Ireland have dedicated to attracting investment in the International Services Sector to Ireland. Ireland continues to grow as a leading centre for international financial service activities and IDA looks forward to continuing to work with DIMA to avail of future opportunities in the international re/insurance industry.”
