Bahrain Kuwait Insurance Company (BKIC), the kingdom's largest insurer, has raised its stake in local peer Takaful International to 40.9 per cent, a move that could herald the start of wider consolidation in the sector.
Bahrain Kuwait Insurance Company (BKIC) has reported a net profit of BD4.2 million ($11 million) for last year, an increase of 15 per cent over BD3.7 million in 2013, a report said.
Out of this, BD2.96 million (BD3.32 million in 2
Bahrain Kuwait Insurance (BKIC), part of the Gulf Insurance Group, has decided to adopt a common logo for all the subsidiary companies so as to reflect a unified brand identity across the group companies.
The logo selected for the
Bahrain Kuwait Insurance Company (BKIC) has been voted as the winner of the 2013 Institutional Excellence Award at the ninth annual Middle East Insurance Forum (MEIF) in Bahrain.
The annual MEIF Institutional Excellence Award, whi
Bahrain Kuwait Insurance Company (BKIC) registered a net profit of BD1.5 million ($4 million) in the first half of this year, as against BD2.6 million in the same period last year, said its chief executive.
Second-quarter net profit sto
The Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD917,000 ($2.4 million) in the first quarter of the year compared with BD1.1 million for the same period last year.
Chief executive Ebrahim Al Rayes attributed this decl
Bancassurance, which involves banks selling insurance products, is a major industry for the Middle East region and Bahrain is spearheading this growth, according to an expert.
In the West banks play a major role in selling insurance produc
Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD2.6 million ($6.9 million) in the first half of the year, up from BD2.3 million for the same period last year.
And the performance was particularly impressive in the second
Kontra, a leading interior design company in Bahrain, has won a major contract from Bahrain Kuwait Insurance (BKIC) for the interior design and decoration of its new headquarters in Seef.
A division of Mohamme
Bahrain Kuwait Insurance (BKI) has partnered with India's ICICI Lombard General Insurance to launch a new medical insurance policy for the Indian expatriates in Bahrain.
The 'Health on Return' policy has been designed for those