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.
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
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
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
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