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Arig posts $2.7m net profit in Q1Arab Insurance Group (Arig), a leading Bahrain insurance company, said its net profit for the first quarter of the year fell to $2.7 million from $5.5 million last year. However, the reinsurance firm posted an increase of three pe More… |
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Arig investors worried over dividend failureThe shareholders of Arab Insurance Group (Arig), a leading insurance and reinsurance company based in Bahrain, yesterday voiced their concerns over the company's performance during their annual general meeting. They were parti More… |
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Arig swings to $15m net profitArab Insurance Group (Arig), a leading Bahrain insurance company, said it has swung to a net profit of $15.3 million for 2012 from a net loss of $19.1 million in 2011. In a statement, the company said its reinsurance book and inve More… |
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Arab Insurance Group swings to quarterly profitImproved performance under its reinsurance portfolio and healthy investment returns saw Arab Insurance Group (Arig) bounce back into the black in the first nine months of the year. Arig earned a net profit of $10.3 million against More… |
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Arig swings to $5.5m Q1 profitBahrain-based Arab Insurance Group (Arig) rebounded to profitability, in the first quarter with a net profit of $5.5 million on the back of benign claims from its reinsurance book and strong investment returns after a full-year loss in 2011. More… |
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Arig upbeat on insurance profit growthBahrain-based Arab Insurance Group (Arig) said positive stock markets have given a solid start to the year but slowing economic growth, sluggish demand in insurance classes and a low interest rate will continue to challenge shareholders' expec More… |
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S&P reconfirms Takaful Re's stable ratingStandard & Poor's (S&P) has reconfirmed BBB 'Stable' long-term counter-party credit and insurer financial strength ratings to Takaful Re Limited (TRL), a Dubai International Financial Centre-based re-takaful operator. T More… |
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Arig's capital base remains strongBahrain-based Arab Insurance Group (Arig) said its capital position remains strong despite huge losses seen in the global insurance industry. The shareholders' equity stands at $222.4 million at the end of 2011 from $260.1 million. More… |
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Arig in medical insurance tie-upArab Insurance Group (Arig) has teamed up with Lebanon-based GlobeMed to offer a range of healthcare benefits and management services in Bahrain. A new entity, GlobeMed Bahrain, intends to fully integrate the health provider sector togethe More… |
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Arig upbeat despite industry challengesArab Insurance Group (Arig) remained in positive territory in the first quarter despite a difficult industry climate, returning a profit of $600,000 compared to $4.5 million during the corresponding period in 2010. According to expert More… |
