VOL. XXXI
NO. 42
25-JULY-1988
Financial and Banking News
REGIONAL BANKING
ARIG's Loss from North Sea Disaster Might Rise to $20mn
The Bahrain-based Arab Insurance Group (ARIG) has revealed that its exposureto the North Sea Piper Alpha disaster might be as high as $20mn, the biggestloss in its seven-year history. ARIG, which is the Arab world's biggest insurer, has one of the largest individual lines of the Piper Alpha insurance,accepting insurance and reinsurance on all four of the oil company...
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