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QIC Group posts net profit of $106m for H1Qatar Insurance Company (QIC), a leading insurer in region, has reported a net profit of $106 million for the first half of 2018. The Mena markets continued to produce stable premiums with underwriting profitability, weathering un More… |
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IGIH posts 9pc rise in H1 gross premiumsDubai-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 More… |
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GCC Islamic insurance growth slows to 1pc in 2016Following 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 More… |
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QIC reports 15pc growth in Q1 premiumsQatar 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 More… |
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Trust Re H1 premiums up 4.5pcTrust 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 More… |
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Arig net profit surges 41pc to top $12mLeading 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 More… |
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Bapco seals 2014 gasoil, jet term contractsBahrain 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 More… |
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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. More… |
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Al Ahlia net profit surges to $5.6m in H1Al 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 More… |
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Bahrain insurance posts solid Q3 growthBahrain 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 More… |
