Bahrain: Consolidation needed in insurance industry to stop price wars

Published on August 1, 2024
The insurance market in Bahrain needs more mergers or acquisitions between insurance companies, and even between reinsurance companies, Mr Jawad Mohammed, chairman of Bahrain Insurance Association,
Continue reading on website
Other news

Insurers steadily increasing their private credit holdings continued throughout 2023: AM Best

August 1, 2024
According to credit ratings agency AM Best, a decade-long trend of insurers moderately increasing their private credit holdings continued to be seen throughout 2023, comprising 44% of the bonds held within the insurance sector, compared with approximately 27% in 2013.A new report from AM Best reveals that insurers’ private credit holdings grew 5.7% in 2023 to nearly $1.7 trillion.However, the annu

H Group Benefits acquired by insurance broker Relation

August 1, 2024
Insurance brokerage firm Relation Insurance Services has acquired the assets of H Group Benefits, Inc., a health insurance agency based in Illinois, US.The transaction, which terms were not disclosed, went into effect on June 30, 2024.Tim Hall, Chief Executive Officer for Relation, said: “H Group has an outstanding reputation in their community and Relation is proud to welcome them aboard.“Their e