Thursday 20 June 2013
 
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BKIC

BKIC wins top award at insurance forum

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

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BKIC posts H1 net profit of $4m

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

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BKIC posts $2.4m net profit in Q1

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

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BKIC, India’s ICICI in insurance deal

Bahrain Kuwait Insurance Company (BKIC) has signed an agreement with ICICI Bank (Bahrain branch), India's largest private sector bank, for the distribution of its general insurance products. The distribution will primarily target the I

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BKIC posts record profit

Bahrain Kuwait Insurance Company (BKIC) yesterday agreed to pay a 25 per cent cash and 10 per cent bonus share to investors at its annual general meeting yesterday. The distribution came after the company's most successful year since it w

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Rating boost for Bahrain insurance firm

Bahrain Kuwait Insurance Company (BKIC), a leading national insurance company with operations in both Bahrain and Kuwait, has been assigned a financial strength rating of A- by rating agency AM Best. AM Best said the rating reflects BKIC's

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BKIC's net profit surges to $6.9m

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

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BKIC posts record net profit of $11m

Bahrain-based Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD4.1 million ($10.9 million) last year compared to BD4 million in 2009. Chairman Abdulla Buhindi announced that the board, at its meeting yesterday, proposed a

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BKIC posts H1 profits of $6.1 million

Bahrain Kuwait Insurance Company (BKIC) yesterday announced that it posted a net profit of BD2.3 million ($6.1 million) in the first half of this year. This comprises 83 per cent underwriting profit and 17pc net income from investments in

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BKIC Q1 profit plunges

The Bahrain Kuwait Insurance Company (BKIC) achieved a net profit of BD1,723,835 ($4.5 million) in the first quarter of this year against BD1,750,984 ($4.64 million)for the same period last year. This 1.5 per cent decrease was due to the

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