ARIG

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Never the creation of a reinsurance company has been given such a media cover as that of ARIG in 1980. All the reinsurance elite, even the Chairman of Lloyd's were present at the inauguration.

At the time, Middle East was making the investors dream and ARIG was promising to become the giant to be courted from the very beginning.

Krueger M. Udo,
Chief Executive Officer

Twenty-five years after this remarkable launch, ARIG, which, meanwhile, has tried various development strategies, lastly found its place in the market, its ambition being to become a reinsurance leader in the Middle East.

Looked upon as the most important reinsurance company in the MENA region, ARAB INSURANCE GROUP (BSC) is the fruit of an Arab partnership regrouping Kuwait, Libya and United Arab Emirates.

ARIG in 2004

Authorised capital
500 million USD
Paid up capital
200 million USD
Turnover
131 million USD
Net profit
26.5 million USD
Number of employees
210
Presence
Bahrain, Dubai, Tunisia, Lebanon, and Singapore

Management

Chief Executive Officer
Krueger M. Udo
General Manager Reinsurance
Yassir Albaharna
Director Finance & Investments
M. Mathews John

Investors

6,000 private and institutional investors share the capital among them:
the government of the United Arab Emirates via:
- The Ministry of Finance and Industry
- General Pension & Social Security Authority
- Real Estate Bank
the Government of Kuwait via:
- The Kuwait Investment Authority
the Government of Libya via:
- The Central Bank of Libya

They have worked at ARIG, ...

Adli Ahmed Al-Aseeri
Reinsurance Manager
Salal Al Kadiri
General Manager, ARIG London
Farouk Khwaja
General Manager
Lakhdar Moussi
Director Finance & Administration
Loay Al-Naqib
Reinsurance General Manager
Nooruddin A. Nooruddin
General Manager and member of the Board of Directors
G. Rangarajan
General Manager, ARIG London
Abdelatif Sharif Al Rayes
Insurance and Investments General Manager
Santhanagopalan
Reinsurance General Manager
Badr Wahedi
Financial Manager

Breakdown of premiums by class of business: 2000-2004

in millions USD
Class of business20002001200220032004
Property
76.967.875.081.793.3
Marine
41.734.425.518.621.4
Motor
8.011.77.910.011.8
Life
0.00.61.83.35.3
Total
126.6 114.5 110.2 113.6 131.8

Contact

Head office
P.O. Box 26992, Manama, Bahrain
Phone
(+973) 1754 4444
Fax
(+973) 1753 1155/0289
Email
info [at] arig [dot] com [dot] bh
Website
Tunis branch
Espace Tunis, Bloc C, Entry No. 1
Appartement No. C 5/4, 5th floor
Montplaisir, Tunis, Tunisia
Mailing adress
P.O. Box 6, 1002 Belvedere, Tunis, Tunisia
Phone
(+216) 71 78 6800/8564
Fax
(+216) 71 78 5397

Subsidiaries and associates

Arab Lebanese Group - ALIG
Borj Al Ghazal,
7th floor Achrafieh Tabaris,
Beyrouth, Lebanon
Phone
(+961) 1 327 222
Fax
(+961) 1 326 999
Takaful Re Limited
DIFC (Dubai International Financial Center)
The Gate, Level 4 - Precinct Building 3,
Tenancy 3 – Dubai - UAE
Website
Gulf Warranties
P.O. Box - 5209, Dubai U.A.E
Phone
(+971) 4 33 55 347
Fax
(+971) 4 33 55 679
Email
ajit [at] gulfwarranties [dot] ae
Website
ARIMA Insurance Software W.L.L
P.O. Box 15642, Manama,
Kingdom of Bahrain
Phone
(+973) 17 544 111
Fax
(+973) 17 918 111
Email
arima [at] arima [dot] com [dot] bh
Website
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Tue, 14/05/2013 - 12:35
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