chief executive Sameer AlWazzan said "the improvement in technical underwriting profits reflect the selective and proactive approach to business and the group's investment performance shows a risk calibrated approach aimed at generating a steady and consistent income".
Mahmood Al Soufi, chief executive of BNH
, said: "Branding is the foundation of marketing and is inseparable from business strategy.
chief executive Sameer Al Wazzan said despite the adverse investment scenario, the company could maintain its profitability.
Despite challenging conditions in both insurance and investments, BNH
managed significant growth," said Mr Al Wazzan.
Once the deal completes, Sibley and Long will both be hired to serve as directors of Bank of New Hampshire and Trustees of BNH
As the leader of the firm he would seek new opportunities for growth and innovation, said Al Wazzan, BNH
has an excellent track record in bringing innovation to the market, with a clear focus on research and development as well as passion and dedication.
Chief Executive Mahmood Al Soufi remarked, "We are pleased with the overall performance despite the challenging market conditions.
In its press statements, BNH
did not compare the second quarter results for this year with the previous year," said CBB capital markets supervision directorate director Ali Salman Thamer.
has reported a 27 per cent increase in consolidated net profit at BD3.
The CEO of BNH
- Mahmood Al Soufi opined, "Given the challenging economic conditions and the intense competition in 2012, our group has posted commendable results.
chairman Farouk Almoayyed said the group posted a strong overall performance, with improved financial results and continued growth in gross premiums.
The subsidiary of BNH
-- bni received net profit of BD1.