Arig - Arab Insurance Group (B.S.C)
 | DATE OF CREATION: 1980, Bahrain |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Middle East, Asia and Africa | |
| REGIONAL STRUCTURES: -Dubaï (United Arab Emirates) -London (United Kingdom) -Ebene (Mauritius) |
Arig: contact
| 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: Rating
| Agency | Rating | Outlook |
| A.M Best | B++ | Stable |
Arig: main indicators
in thousands USD| 2017 | 2018 | 2019 | |
| Turnover | 225 632 | 262 791 | 194 614 |
| Shareholder’s equity | 256 934 | 196 400 | 228 400 |
| Net result | 8 185 | -52 202 | 18 428 |
Arig : turnover 2019 by class of business
in thousands USD| 2018 Premiums | 2019 Premiums | En % | |
| Property | 50 267 | 17 139 | 8.81% |
| Engineering | 22 159 | 9 870 | 5.07% |
| Marine | 12 562 | 6 129 | 3.15% |
| Accident | 9 193 | 3 278 | 1.68% |
| Whole account | 128 752 | 137 251 | 70.52% |
| Others | 21 213 | 13 872 | 7.13% |
| Total non-life | 244 146 | 187 539 | 96.36% |
| Life | 18 645 | 7 075 | 3.64% |
| Grand total | 262 791 | 194 614 | 100% |
Arig: Capital and shareholding
| Shareholders | In % |
| Government of the United Arab Emirates | 34.86% |
| Government of Libya | 16.05% |
| Government of Kuwait | 10.11% |
| Emirati private investors | 19.5% |
| Kuwaiti private investors | 8.01% |
| Bahraini private investors | 6.45% |
| Other investors | 5.02% |
 | |
Arig: technical ratios
| 2017 | 2018 | 2019 | |
| Loss ratio | 69.25% | 81.90% | 59.50% |
| Management expenses ratio | 34.85% | 33.30% | 36.90% |
| Combined ratio | 104.1% | 115.2% | 96.40% |
Source: AM Best
Arig: management
| Saeed Mohamed AlBahhar | Chairman of the board |
| Samual Verghese | Acting chief executive officer |
| Jeffrey Lawson | Directeur vie et maladie |
| Rachid Mechouet | Assistant general manager - reinsurance |
* Arig announced in August 2020 the cessation of its activities
Exchange rate as at 31/12/2018: 1 BHD = 2.64362 USD ; as at 31/12/2019: 1 BHD = 2.63655 USD
Read also | Arig's cessation of activity
