VOL. XLIII
No. 50
11-December-2000
INSURANCE
Arig Announces 3Q Losses Of $52.6Mn And New Diversification Strategy
Following an announcement on 15 November that it had recorded losses of $52.6mn in the third quarter of this year, Arab Insurance Group (Arig) said on 2 December that it is adopting a new diversification strategy. Arig attributed its losses to adverse global financial markets, the impact of natural catastrophes in 1999 and some of the worst ever trading conditions for the global...
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