Arig swings into black for 2016

Bahrain reinsurer Arab Insurance Group (Arig) swung into the black
in 2016 as its underwriting operations returned to profit and
investment income rose.
Bahrain- and Dubai-listed Arig did not disclose full fourth
quarter figures but said it made a net profit in that period of
$5.8mn, compared with a net loss of $5.8mn a year earlier. Fourth
quarter gross written premiums more than doubled from $7.8mn to
$18mn, it added.
For the full year, Arig made a net profit of...