At the ARIG
Conference we can talk to airlines about revenue integrity trends and needs.
reported consolidated losses of $51 million for the nine months ended Sept.
The ratings on ARIG
Re, along with those on a number of other insurance groups, were initially placed on CreditWatch on Sept.
Best's opinion, ARIG
maintains a strong business profile in the Middle East, where it is recognized as a prominent regional reinsurer.
UK's ratings were previously lowered to triple-'B' when the company was placed into run-off by its parent (ARIG
In recent years, ARIG
has been constantly focusing on the quality improvement of its reinsurance business portfolio, which resulted in a steady reduction of its combined ratio to below 100%, although the technical result remains on the borderline break-even level.
Runners up team ARIG
won six tickets to Dubai compliments of Bahrain-based Dadabhai Travel.
The outlook at the time of withdrawal was stable and reflected Standard & Poor's view that ARIG
will maintain surplus capital in excess of the 'AA' (very strong) level in 2009.
In the past, we covered the Saudi market through our Abu Dhabi offices; by having the proper infrastructure, personnel and the right partnership with a renowned Saudi group such as ARIG
, we believe we now have significant presence in the Saudi market," Mr.
group's shareholders' funds were reduced by 16% at the end of the third quarter after a sharp fall in investment income, the need to strengthen technical provisions of Arig Insurance Co.
Other leading partners to have already secured their role at MEIF 2009 include: Bahrain National Insurance, ARIG
, AMAN, Ensurion, Tabreed Captive Insurance Company, AM Best, Standard & Poor's, Bahrain Kuwait Insurance, Trust Re, and Ace Insurance.
These losses are due to large individual (property and aviation) and catastrophe losses, reserve strengthening, increased outward reinsurance costs, significantly reduced investment income, and the strengthening of reserves of ARIG
UK, which contributed a $19.