Solidarity Bahrain has received the Central Bank of Bahrain's final approval for the acquisition of Bahrain National Insurance Company (BNI) and Bahrain National Life Company (BNL) for a total purchase price of BHD75m ($199m) in cash.
Solidarity Bahrain's successful pursuit of an inorganic growth strategy has strengthened the group's position as the number one insurance provider in Bahrain and marks a step towards growing an international business. This statement appears in Solidarity's 2024 annual report released last week.
The Shura Council, the upper house of the National Assembly, has passed a proposal to make professional liability insurance compulsory in the healthcare industry.
Takaful International, the first Islamic insurance company in Bahrain, has formed a partnership with Zain Bahrain, part of Zain Group, a leading telecommunications operator across the Middle East and Africa, which provides mobile voice and data services.
Arab Insurance Group (Arig) has announced positive financial results for 2024, with net profit amounting to $26.44m attributable to shareholders, almost 90% higher than the $13.98m chalked up for 2023.
The GCC healthcare industry is poised for strong growth driven by macro-economic factors, the expansion of mandatory health insurance and a growing and ageing population, according to UAE-based Alpen Capital, an investment banking advisory firm.
Takaful International Company has announced that the first Islamic Insurance Company in Bahrain, says that its total net profit reached BHD1.65m ($4.38m), representing a 9% growth from BHD1.51m in 2023, mainly attributed to strong investment performance.
More than 90% of public healthcare workers in Bahrain experience moderate to high levels of occupational stress, which leads to reduced job performance according to a new study report.
Solidarity Bahrain, one of the largest insurers of Bahrain, has introduced a pioneering mobile application, 'Solidarity Drive', aimed at promoting safer driving behaviours across Bahrain.
Solidarity Bahrain and Bahrain National Holding Company (BNH) have signed the final sale and purchase agreement by which the former acquires the latter.