Tuesday 6 December 2016
 
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Arig net profit rises to $3.4m

Bahrain-based reinsurer Arig has announced consolidated net profits of $3.4 million for the first nine months of 2016 against $1.4 million for the same period last year, reported the Gulf Daily News,our sister publication.

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Bahraini insurer plans full ownership of Takaful Re

Bahrain's Arab Insurance Group (ARIG) is in discussions to take full ownership of Dubai-based Islamic reinsurer Takaful Re, as regulatory moves add pressure on firms in the overcrowded Gulf insurance sector to consolidate. ARI

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Arig wins reinsurer of the year award

Bahrain-based reinsurance firm Arab Insurance Group (Arig) has won the 'reinsurer of the year' award at the inaugural Middle East Insurance Industry Awards held in Dubai. The awards programme was organised by the Middle E

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Arig posts net profit of $4.7m in H1

Bahrain-based Arig Group, a leading reinsurance provider, has reported a net profit of $4.7 million for the first half of this year as against $5.2 million for the same period last year. The group’s investment returns were up and

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Arig net profit surges 41pc to top $12m

Leading insurance firm Arig has registered a 41 per cent increase in net profit to $12.6 million for the first nine months of the year, compared with $9 million for the same period last year. The growth was achieved on the back of

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Arig posts net profit of $5.2m in H1

Arig, a regional professional reinsurance provider, yesterday reported a net profit of $5.2 million for the first half of the year as against a profit of $3.2 million for the comparable previous period. Positive underwriting combi

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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

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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

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Arig posts $4m H1 loss on provisions

Bahrain-based re-insurance group Arig suffered a first half net loss of $4.1 million against a loss of $2.8 million for the first six months of last year. That was largely driven by provisions taken against reported and unreported Middle

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Arig posts $21m profit for 2010

Arab Insurance Group (Arig), a leading Bahrain insurance firm, posted $20.8 million in profits for the 2010 financial year, almost matching its 2009 performance, posting . It earned $21.9 million in 2009. Both reinsurance and investme

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