Japan headquartered Orix Corporation has acquired 25.7 per cent stake in Bahrain-based The Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf), a report said.
The stake was acquired for $2.24 million, reported the G
IFC, a member of the World Bank Group, is investing up to $124 million in the Mediterranean and Gulf Insurance and Reinsurance Company (Medgulf), a leading regional insurer which has a major presence in Bahrain.
The investment will help th
Allianz Takaful has entered into a partnership with MedGulf (Bahrain), which will see Allianz transferring 75 per cent of its takaful business to MedGulf in a move to further develop their insurance platforms.
In this new partnership, Alli
Medgulf was the winner of this year's MEIF 2010 Insurance Company of the Year Award at the gala dinner of the 6th Annual Middle East Insurance Forum held at the Gulf Hotel in Bahrain.
The industry-wide nominations process for the winne