Sunday 28 August 2016
 
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SNIC

S&P affirms SNIC ratings

Standard & Poor’s (S&P) has affirmed its ‘BBB’ insurer financial strength and counterparty credit ratings for Bahrain-based Saudi National Insurance Company (SNIC) while the outlook was revised from stable to negative,

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SNIC reports 33pc premium growth

Bahrain-based Saudi National Insurance Company (SNIC) has reported 33 per cent increase in gross written premium (GWP) at BD18.68 million ($49.2 million) for the year ended December 31 when compared with BD14.09 million for the previous year,

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SNIC’s gross written premium rises 38pc to $40m

Saudi National Insurance Company (SNIC) has reported a 38 per cent increase in gross written premium at BD15.42 million ($40.88 million) for the first six months of the year, compared with BD11.2 million for the same period last year. In line

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SNIC gets credit ratings, outlook boost

Bahrain-based Saudi National Insurance Company (SNIC) has had its insurer financial strength and counterparty credit ratings affirmed as ‘BBB’ and outlook as ‘stable’ by Standard & Poor’s. The age

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SNIC-Copart in key deal to process salvaged vehicles

The Saudi National Insurance Company (SNIC) has entered into a key agreement with Copart Bahrain.
 The agreement aims to raise the efficiency of the marketing process of salvaged vehicles resulting from the settlement of total los

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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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