Thursday 10 July 2014

Insurance firm net profit hits $2.2m in H1

New India Assurance, operating in Bahrain since 1961, yesterday reported a net profit of BD836,710 ($2.2 million) for the first half of this year, up from BD554,647 for the same period last year. The firm's underwriting profit


Arig's first-half income tops $5m

Good underwriting performance and the absence of large natural catastrophes contributed to Arab Insurance Group's (Arig) first half income of $5.2 million compared with a loss of $3.9 million last time. The regional reinsuranc


Arig swings to $5.5m Q1 profit

Bahrain-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.


Arig posts Q3 loss as global woes bite

Arig, one of the largest Arab-owned, professional reinsurance providers in the region, suffered a loss of $7.4 million in the third quarter compared to a profit of $14.3 million for the same period last year. Nominal investment returns and


BKIC's net profit rises 4pc to $9m

Bahrain Kuwait Insurance Company (BKIC) net profit increased four per cent to BD3.5 million ($9.3 million) in the first nine months of this year from BD3.3 million for the same period last year. For the third quarter net profit hit BD858,0


JPMorgan tops Q3 global ECM league table

JPMorgan nabbed the top spot among banks, globally, for equity capital markets underwriting in the first three quarters of 2010, but it hauled in less than half of what it did a year earlier. The bank kept its No.1 ranking but brought in p


Adnic, Talbot to form underwriting JV

Abu Dhabi National Insurance Company (Adnic) and UK-based Talbot Underwriting, have obtained authorisation from the Dubai Financial Services Authority (DFSA) to establish a risk services underwriting joint venture entity. Underwriting Risk

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