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Trust Re raises capital, eyes expansionBahrain-based Trust International Insurance and Reinsurance Company (Trust Re) has increased its paid-up capital to $140 million and authorised capital to $200 million, a report said. The move was announced during a Press conferen More… |
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Arab Spring pushes reinsurance costs up 400pcThe cost of reinsurance has spiralled across the region by some 400 per cent since the advent of the Arab Spring and that is having a major impact on the insurance industry. That will be one of the key issues to be discussed at a More… |
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Arig investors worried over dividend failureThe shareholders of Arab Insurance Group (Arig), a leading insurance and reinsurance company based in Bahrain, yesterday voiced their concerns over the company's performance during their annual general meeting. They were parti More… |
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India plans fund to cover refiners using Iranian oilIndia plans to set up a fund to back local insurers providing cover for refiners processing Iranian oil after companies warned they would be forced to halt imports from the sanctions-hit nation, the federal oil secretary said on Sunday. More… |
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Arig swings to $15m net profitArab Insurance Group (Arig), a leading Bahrain insurance company, said it has swung to a net profit of $15.3 million for 2012 from a net loss of $19.1 million in 2011. In a statement, the company said its reinsurance book and inve More… |
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Arab Insurance Group swings to quarterly profitImproved performance under its reinsurance portfolio and healthy investment returns saw Arab Insurance Group (Arig) bounce back into the black in the first nine months of the year. Arig earned a net profit of $10.3 million against More… |
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Daman launches operations in QatarThe National Insurance Company – Daman (Daman), a leading health insurer in the UAE, is set to offer its services in Qatar with the launch of Daman Health Insurance Qatar (Daman Qatar). Daman Qatar benefits from the experience gained by Da More… |
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Arig swings to $5.5m Q1 profitBahrain-based Arab Insurance Group (Arig) rebounded to profitability, in the first quarter with a net profit of $5.5 million on the back of benign claims from its reinsurance book and strong investment returns after a full-year loss in 2011. More… |
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SEIB to participate in Project QatarSEIB Insurance and Reinsurance Company (SEIB) has announced its participation in the ninth edition of Project Qatar, a major engineering and construction solutions event. “Project Qatar 2012 is the ideal platform for us to directly communi More… |
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Arig posts Q3 loss as global woes biteArig, 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 More… |
