Friday 26 December 2014
 
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SNIC

SNIC premiums register 23pc growth

Bahrain-based Saudi National Insurance Company (SNIC) has reported a growth of 23 per cent in gross written premium at BD11.2 million ($29.70 million) for the first six months of the year when compared with BD9.1 million ($24.1 million) for the

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SNIC renews Bahrain Airport Company contract

Saudi National Insurance Company (SNIC) has renewed its contract with Bahrain Airport Company (BAC) for the second consecutive year. Under the contract, the medical and life insurance scheme for BAC staff has been extended for ano

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SNIC premiums surge to $24m in H1

Bahrain operations helped Saudi National Insurance Company (SNIC) increase its premiums to BD9.1 million ($24.3 million) for the first half of this year in comparison to BD8.7 million for the same period last year, said a top official.

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SNIC appoints new director

Saudi National Insurance Company (SNIC) chairman Shaikh Hatel Jufalli has announced the appointment of Sameer Al Wazzan as a member of its board of directors. Al Wazzan is one of the region's recognised veterans in the insurance indust

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S&P affirms stable outlook for Bahrain firm

Standard & Poor's (S&P) reaffirmed Bahrain-based Saudi National Insurance Company (SNIC) with the long-term counter-party credit and insurer financial strength rating of BBB. The outlook for this rating is stable, which reflects St

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SNIC achieves 41pc H1 growth in Bahrain

Saudi National Insurance Company (SNIC) achieved a net profit of $3.3 million during the first six months of the year, in comparison to a loss of $760,000 for the same period last year. Despite the drop in the gross premium due to the tran

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SNIC official promoted to top post

Saudi National Insurance Company (SNIC) has appointed Khalid Al Shaikh as its general manager. Al Shaikh has been with SNIC as country manager of the Bahrain office since the commencement of its operation in 2007. Former general ma

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