Reinsurance News
Arig
Arig to cease writing reinsurance business
17th August 2020
Arab Insurance Group (Arig), a Bahrain-domiciled treaty and facultative reinsurance provider, is to cease writing reinsurance business and could look for a buyer to take over the firm while it's in run-off. After two downgrades from ratings agencies over a nine month period, the Central Bank of Bahrain uncovered “glaring ... Read the full article
Arig investigation uncovers “glaring deficiencies” in governance
24th April 2019
An investigation into Arab Insurance Group (Arig), a Bahrain-domiciled treaty and facultative reinsurance provider, by the Central Bank of Bahrain has uncovered “glaring deficiencies” in the company’s governance framework. The regulator conducted an onsite examination of the reinsurer after A.M. Best downgraded and withdrew its credit ratings for Arig last month ... Read the full article
Arig launches new reinsurance subsidiary, AIM in Dubai
2nd March 2017
Bahrain domiciled treaty and facultative reinsurance provider, Arig, has received a licence from the Dubai Financial Services Authority (DFSA) to launch its wholly owned reinsurance subsidiary, Arig Insurance Management Limtied (AIM) in the Dubai International Financial Centre (DIFC). The reinsurer has announced that AIM will mainly focus on facultative specialty lines of business ... Read the full article
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