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Bangladesh: Most insurers register rise in profits during 2014 first half

August 8, 2014 - 6:00am


Most insurers in Bangladesh saw their profits rise during the first half of 2014, The Daily Star reported.

Reliance Insurance Ltd. posted a 10% increase in profits, while Phoenix Insurance Co. Ltd. and Central Insurance Co. Ltd. registered a 22% and 33.5% increase, respectively. Meanwhile, Zahid Anwar Khan, managing director of Central Insurance, said insurers stand to lose business if political conditions worsen.

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