Saturday 25 October 2014
 
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Arab Insurance Group

Arig profit up on high investments' income

Bahrain-based Arab Insurance Group's (Arig) has reported a consolidated net profit of $2.8 million for the first quarter of the year as against $2.2 million for the same period last year. The reinsurance firm also reported a m

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Arig eyes prudent approach

Bahrain-based Arab Insurance Group's (Arig) top management is eyeing a prudent approach this year as the reinsurance major expects a testing trading environment ahead. Chairman Khalid Al Bustani told shareholders at the compan

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Arig sees surge in 2013 net profit

Bahrain-based Arab Insurance Group (Arig) has posted a six per cent rise in its consolidated net profit which hit $18.6 million for last year, when compared to $17.6 million the year before. Arig, including its corporate member at

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Arig posts $2.7m net profit in Q1

Arab Insurance Group (Arig), a leading Bahrain insurance company, said its net profit for the first quarter of the year fell to $2.7 million from $5.5 million last year. However, the reinsurance firm posted an increase of three pe

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Arig investors worried over dividend failure

The shareholders of Arab Insurance Group (Arig), a leading insurance and reinsurance company based in Bahrain, yesterday voiced their concerns over the company's performance during their annual general meeting. They were parti

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Arig swings to $15m net profit

Arab Insurance Group (Arig), a leading Bahrain insurance company, said it has swung to a net profit of $15.3 million for 2012 from a net loss of $19.1 million in 2011. In a statement, the company said its reinsurance book and inve

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Arab Insurance Group swings to quarterly profit

Improved performance under its reinsurance portfolio and healthy investment returns saw Arab Insurance Group (Arig) bounce back into the black in the first nine months of the year. Arig earned a net profit of $10.3 million against

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Arig swings to $5.5m Q1 profit

Bahrain-based Arab Insurance Group (Arig) rebounded to profitability, in the first quarter with a net profit of $5.5 million on the back of benign claims from its reinsurance book and strong investment returns after a full-year loss in 2011.

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Arig upbeat on insurance profit growth

Bahrain-based Arab Insurance Group (Arig) said positive stock markets have given a solid start to the year but slowing economic growth, sluggish demand in insurance classes and a low interest rate will continue to challenge shareholders' expec

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S&P reconfirms Takaful Re's stable rating

Standard & Poor's (S&P) has reconfirmed BBB 'Stable' long-term counter-party credit and insurer financial strength ratings to Takaful Re Limited (TRL), a Dubai International Financial Centre-based re-takaful operator. T

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