Morgan Stanley reported an 87 per cent rise in third-quarter earnings as the Wall Street bank's trading, investment banking and wealth management businesses benefited from increased client activity and a hot equity market.
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
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
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, 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
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 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
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.