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Bahrain tag returned 53 results

  • Bahrain: Trust Insurance Management launches new cyber products

    Trust Insurance Management (TIM) has announced the launch of new cyber products. The company has concluded a coverholder agreement to underwrite the cyber insurance products in cooperation with and utilising the experience, expertise and capacity of the Tarian Consortium 9633 (a pool of Lloyd's syndicates led by Beat Syndicate 4242).

    Middle East | 17 Jun 2019
  • Bahrain: Listed insurers post higher aggregate gains in 1Q

    Listed Bahraini insurers increased their combined profits in the first quarter of 2019 compared to the corresponding period of last year, despite challenges in the market, according to an analysis conducted by Mubasher Info.

    Middle East | 28 May 2019
  • Bahrain: Insurance group takes stake in health claims management firm

    Insurance group Bahrain National Holding (BNH) has become a major shareholder in Health 360 Ancillary Services, which provides health insurance claims management services.

    Middle East | 26 May 2019
  • Bahrain: Arig improves performance in 1Q, makes decision on underwriting

    Reinsurer Arab Insurance Group (Arig) has posted consolidated net profits of $1.8m attributable to shareholders for the first quarter 2019 from $ 0.5m for the corresponding quarter in 2018. Despite the improved performance, the board of directors announced that Arig would cease underwriting activities.

    Middle East | 19 May 2019
  • Bahrain: AXA inks deal with YBA Kanoo on real estate development

    AXA has signed an agreement with Yusuf Bin Ahmed Kanoo Group (YBA Kanoo), one of the largest independent, family-owned group of companies in the Gulf region, for the construction of the French insurer's new corporate headquarters in Bahrain Bay.

    Middle East | 07 May 2019
  • Bahrain: BKIC's 1Q net profit down 24% to $2.1m

    Bahrain Kuwait Insurance Company (BKIC) posted a 24% fall in net profit to BHD794,000 ($2.1m) in the first quarter of 2019. The decline was a result of the decrease in underwriting profit due to the increased net claims incurred in motor department and also the reduction in treaty commission rates.

    Middle East | 25 Apr 2019
  • Bahrain: Regulator issues draft rules for insurance aggregators

    The Central Bank of Bahrain (CBB) has issued draft rules for insurance aggregators, marking its first strategic move towards InsurTech.

    Middle East | 25 Apr 2019
  • Bahrain: Trust Re appoints new group CEO

    Bahrain based Trust International Insurance & Reinsurance has appointed Mr Talal Al Zain as group CEO, the reinsurer said in a statement last week.

    Middle East | 21 Apr 2019
  • Bahrain: Regulator grants licence to Cigna Life

    The Central Bank of Bahrain (CBB) has granted a licence to Cigna Life Insurance Company of Europe (Cigna) to open a branch in Bahrain. The licence allows Cigna to expand its insurance business in the Kingdom, the regulator says in a statement.

    Middle East | 18 Apr 2019
  • Bahrain: Insurance industry discusses VAT

    Insurance companies should develop a consistent approach to industry-wide issues, rather than developing individual stances that may or may not be accepted by the National Bureau of Revenue (NBR), Bahrain's tax authority, according to Mr Omar Hisham, an adviser to the insurance industry.

    Middle East | 20 Mar 2019