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Rise in accidents weighs on Bahrain Kuwait Insurance

: Monday, February 10 - 2014 @ 13:34

Bahrain Kuwait Insurance Company (BKIC) closed flat at BD0.54. BKIC achieved a net profit of BD 3.7 million for the year ending on December 31, 2013, as compared with BD4.2m in 2012. The insurer said in a filing that this decline is the result of increased losses due to the high rate of motor accidents. Fire and general accidents also recorded a few large losses.

Gérard Al-Fil

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Monday, February 10- 2014 @ 13:34 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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