Arig - Arab Insurance Group (B.S.C)

ARIGDATE OF CREATION: 1980, Bahrain
CLASSES OF BUSINESS: Life and non-life
MAIN UNDERWRITING ZONES: Middle East, Asia and Africa
CONTACT: Arig House, Building 131, Road 1702 Diplomatic Area 317, P.O. Box 26992, Manama, Bahrain
Tel: (+973) 17 544 444
Fax: (+973) 17 531 155
Email: info [at] arig [dot] com [dot] bh
Website: www.arig.net

Arig: Main indicators in USD

in USD
 20172018Arig indicators
Turnover225 632 000262 791 000
Shareholder’s equity256 934 000196 370 000
Net result8 185 000-52 202 000

Arig: Turnover 2018 by class of business

 PremiumsIn %
Property50 267 00019.13%
Engineering22 159 0008.43%
Marine12 562 0004.78%
Accident9 193 0003.50%
Whole account128 752 00048.99%
Others21 213 0008.07%
Total non life244 146 00092.91%
Life18 645 0007.09%
Grand total262 791 000100%
arig turnover

Arig: Capital and shareholding

ShareholdersIn %
UAE Government31.38%
Libya Government14.45%
Kuwait Government9.10%
UAE Private15.22%
Kuwait Private9.01%
Other Private20.84%
arig share capital

Arig: Technical ratios

 20172018
Loss ratio69.25%81.90%
Management expenses ratio34.85%33.30%
Combined ratio104.1%115.2%
arig Technical ratios

Arig: Management

Saeed Mohamed AlBahharChairman of the board
Samual VergheseActing CEO
Jeffrey LawsonManager life and health
Rachid MechouetAssistant general manager reinsurance

Arig: Regional structures

DubaiUnited Arab Emirates
LondonUnited Kingdom
EbeneMauritius

Arig: Rating

AgencyRatingOutlook
A.M. BestB++Stable

This portrait refers to the years 2017 and 2018 only. In 2019, Arig ceased all treaties and facultatives underwriting.


Read also:

0
Your rating: None
Advertising Program          Terms of Service          Copyright          Useful links          Social networks          Credits