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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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Arig posts $2.8m H1 loss

Impacted by the volatile global equity markets, Arab Insurance Group (Arig) recorded a $2.8 million loss for the first half of the year against a profit of $8.8 million in the first six months of last year. Returns from reinsurance, Arig&#

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Arig registers Q1 net income of $4.5m

Arig (Arab Insurance Group), one of the largest Arab-owned, professional reinsurance providers in the Mena, recorded net profit of $4.5 million for the first quarter of 2010 (Q1 2009: $1.5 million). Year-on-year, gross premiums written gre

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Arig returns to profit in Q3, posts $8m net

Arig, one of the largest Arab-owned, professional reinsurance providers, has recorded net earnings of $8.1 million for the third quarter, compared to a loss of $22.3 million for the same period a year ago. Net profit for the first nine mon

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Bahrain licence for Arig-Hardy venture

The Central Bank of Bahrain (CBB) has granted a license to Hardy Arig Insurance Management (WLL) to establish an insurance management firm in Bahrain. HAIM is a joint venture company based in Bahrain and owned equally by Hardy Underwriting

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