Financial and Banking News


BAII Buys UK Stock Broker, Sells Insurance Subsidiary 

The BAII Group has recently completed two deals in which it has divested itself of a large part of its Bahrain-based insurance broker and purchased a stake in a British stock- broking partnership. BAII Insurance Services has a brokerage income of around $1.3mn and employs 24 people. A 70% interest in the firm is being sold to the Lloyd's broker Stewart Wrightson, and when the...