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
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
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
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, 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-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
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
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
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
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