Tuesday 19 September 2017
 
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Solidarity

Solidarity Takaful, Al Ahlia merger approved

The merger of Solidarity General Takaful and Al Ahlia Insurance Company of Bahrain has been approved by the shareholders of the two companies. The merger will be effected in December 2017, said a statement. The combined entity,

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New GM named for Al Ahlia Insurance Company

Al Ahlia Insurance Company, a subsidiary of Solidarity Group Holding, has announced the appointment of Jawad Mohammed as its general manager. Prior to Joining Al Ahlia, Mohammed was the general manager of Solidarity General Takaful, als

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Solidarity buys majority stake in Al Ahlia in $28m deal

Bahrain-based Solidarity Group Holding, the largest Takaful Group in the world, has announced the acquisition of a majority stake in Al Ahlia Insurance Company in a deal worth BD10.7 million ($27.8 million). Founded more than 40 y

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​​​​​​Solidarity General Takaful posts 11.5pc profit growth

Solidarity General Takaful, a subsidiary of Solidarity Group Holding, has reported a net profit of $1.5 million last year, as compared to $1.4 million in 2014, a 11.5 per cent increase.   SGT also announced seven

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Solidarity's Jordanian subsidiary merges with Yarmouk

Solidarity Group Holding has successfully closed the merger between its Jordanian subsidiary, First Insurance Company and Yarmouk Insurance Company, Jordanian industry's first merger in 25 years.   The merger

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Solidarity unit buys stake in Jordanian insurance firm

First Insurance, Jordan, a subsidiary of Solidarity Group Holding Bahrain, has acquired a controlling stake in Yarmouk Insurance Company in Jordan. Originally founded more than 30 years ago, Yarmouk Insurance is one of the deep-ro

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Solidarity in deal with Copart for salvage vehicle disposal

Solidarity General Takaful, a subsidiary of leading takaful group Solidarity Group Holding, has partnered with Copart Bahrain, an online vehicle auction company. The partnership, signed by Solidarity general manager Jawad Mohamed

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Solidarity launches key online insurance service

Solidarity General Takaful (SGT), a subsidiary of Solidarity Group Holding, has officially launched its online insurance services portal. The online insurance service, online.solidarity.bh, will enable its users to obtain with a c

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Solidarity appoints new general manager

Solidarity General Takaful (SGT), a subsidiary of Solidarity Group Holding, has appointed Jawad Mohammed as its general manager. Mohammed was SGT’s deputy general manager, and has been with the group since 2003, said a repor

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Ratings boost for Solidarity Takaful unit

Solidarity General Takaful, a subsidiary of the largest takaful groups in the world, Solidarity Group Holding, was assigned financial strength rating of B++ (good) and insurer credit rating of "bbb" by AM Best, both with a stable outlo

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