Trust Re, a reinsurance company based in Bahrain, has reported a gross written premium of $328.6 million during the first half of this year, representing a 4.5 per cent increase over the $314.3 million achieved during the same period last
Leading insurance firm Arig has registered a 41 per cent increase in net profit to $12.6 million for the first nine months of the year, compared with $9 million for the same period last year.
The growth was achieved on the back of
Bahrain Petroleum Co (Bapco) has finalised its 2014 jet fuel and gasoil term contracts with several companies, with premiums set at lower levels than this year's, industry sources said on Monday.
Term premiums were set lower a
The GCC insurance market has been one of the fastest growing regions for insurers, with average annual revenue growth of 16.8 per cent over the past six years, and will see significant further growth over the near to medium term, a report said.
Al Ahlia Insurance has reported a net profit of BD2.155 million ($5.68 million) for the first six months of 2013 as against a net profit of BD319,999 for the same period of last year, an increase of 574 per cent.
The firm's pr
Bahrain insurance market registered solid growth during the third quarter of 2012, with its gross premiums increasing to BD184.11 million ($480.6 million) by the end of September 2012, up 9 per cent over the same period a year
The Islamic insurance industry has demonstrated substantial growth in recent years with gross written premiums (GWPs) estimated to reach $12 billion in 2012, said an expert.
This growth will be coupled with a compound annual growt
Abu Dhabi-based Insurance House has registered a net profit of Dh7.65 million ($2.08 million) for the nine months ended September 30, after achieving operating breakeven in the first quarter of the year.
Gross Written Premium (GWP
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.
International and local competition as well as claims in vehicle and medical insurance has led to a 6.5 per cent increase in gross premiums this year compared to 2011 for Bahrain National Holding (BNH), its chief executive said.