The Central Bank of Bahrain (CBB) has granted KFH Takaful Insurance Company a licence to provide insurance services in Bahrain.
The combined net profit of 75 listed GCC insurers remained steady at $1.7bn in the first nine months of this year (9M2025), with mirroring trends from the first half of the year, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Gulf Insurance Group (Gulf) [GIG Gulf)] has demonstrated improvement in its underwriting results over the first six months of 2025, due to the company focusing on higher margin products and exiting from poorly performing business, AM Best says. The insurer's combined ratio is expected to return to a good level in the coming years.
Solidarity Bahrain, a subsidiary of Solidarity Group Holding, has completed the transfer of shares of Bahrain National Insurance Co (BNI) from the parent company.
Bahrain Kuwait Insurance Company (GIG Bahrain) has a track record of strong operating performance, generating in 2024 a return on equity of 11.6% and a net-net combined ratio of 96.5% (both as calculated by AM Best).
MADA Insurance and Reinsurance Brokers has appointed Mrs Eman Mojali as CEO, according to news platform News of Bahrain.
Arab Insurance Group has announced the sale of Tivoli Capital, UK (in run-off). As a result, the UK unit is no longer a subsidiary of ARIG, which did not provide financial details of the sale.
Solidarity Bahrain, one of the largest insurance companies in the Kingdom of Bahrain and a subsidiary of Solidarity Group Holding, has integrated the eKey 2.0 system in its digital platforms, becoming the first insurer in the kingdom to adopt the national authentication and eKYC system.
While total net profit across 76 listed GCC insurers held steady at $1.2bn in 1H2025, the overall performance was weighed down by Saudi insurers, who saw profits decline by 40.3%, with only six out of 25 recording higher earnings, according to a report by research and consulting firm Insurance Monitor and Lux Actuaries and Consultants.
Insurance companies in Bahrain are studying a project to establish a unified digital platform for managing motor accident claims, the chairman of the Bahrain Insurance Association, Dr Abdulla Sultan, has revealed.