Friday 1 August 2014
 
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Saudi National Insurance Company

SNIC gross premium soars to $29m

Saudi National Insurance Company (SNIC) has achieved a gross written premium (GWP) of BD11.44 million ($29.8 million) for last year in comparison to BD10.62 million for 2011. The company said 2012 is the first year where the GWP i

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Saudi National Insurance gets stable outlook

Standard & Poor's has reaffirmed Saudi National Insurance Company's (SNIC) long-term counter-party credit and insurer financial strength rating of BBB with a stable outlook, reflecting the company's strong capitalisation and cons

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SNIC opens first retail outlet in Bahrain

Saudi National Insurance Company (SNIC) has announced the opening of its first retail outlet in Bahrain following five years of its successful operation in the Kingdom. SNIC said the launch of the new centre at Salmabad comes as p

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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 posts growth in Bahrain operations

Saudi National Insurance Company (SNIC) saw its net profit drop to $2.25 million from $10.24 million in 2009. The fall was due to SNIC ceasing to write business in Saudi Arabia during the second quarter of 2010 and transferring of the Saud

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Saudi National Insurance gets stable rating

Bahrain-based Saudi National Insurance Company (SNIC), has been awarded the longterm counterparty credit and insurer financial strength rating of BBB by Standard and Poor’s. The outlook for this rating is stable, which reflects Standard an

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