Monday 25 September 2017
 
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premiums

IGIH posts 9pc rise in H1 gross premiums

Dubai-based International General Insurance Holdings (IGIH) has announced gross written premiums of $138.1 million for the first half (H1) of 2017 as compared to $126.8 million for H1 2016, an increase of 9 per cent. Net profits a

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GCC Islamic insurance growth slows to 1pc in 2016

Following years of annual growth in gross premiums of up to 20 per cent in the Islamic insurance sector in the GCC, growth slowed significantly to less than 1 per cent in 2016, said S&P Global Ratings in a new report. The slow

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QIC reports 15pc growth in Q1 premiums

Qatar Insurance, a top insurance house in the Mena region, recorded 15 per cent growth in Gross Written Premium (GWP) to QR3.09 billion ($848 million) in Q1 2017 when compared to the same reporting period in 2016. Key contributors

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Trust Re H1 premiums up 4.5pc

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

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Arig net profit surges 41pc to top $12m

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

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Bapco seals 2014 gasoil, jet term contracts

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

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GCC insurance market ‘to see rapid premium growth’

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.

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Al Ahlia net profit surges to $5.6m in H1

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

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Bahrain insurance posts solid Q3 growth

  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

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Islamic insurance premiums to hit $12bn

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

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