Monday The 25^th February 2008 witnessed a signing ceremony between Bahrain Financial Harbour and Takaful International Company for providing an all Risk Insurance Cover and risk solutions.

The contracts of insurance were signed in exchange between BFH’s CEO Mr. Stephen Rothel and Takaful International’s CEO Mr. Younis Jamal Al Sayed at BFH’s Head office. The event was also attended by Mr. Nigel Gimbert Senior Manager-Fit out Coordinator & Mr. Ringo Bautista the HR Manager from BFH, Mr. Essam Al Ansari General Manager & Mr. Ahmed Swailem Manager Major Accounts from Takaful International, and LMG, the insurance brokers represented by Mr. James Stafford Group General Manager, R. Sairaj Manager – Property Insurance and Mr. Shiva Prasad, Business Development Manager

“Bahrain today enjoys an unparalleled position as the leading international financial centre of the Middle East and Bahrain Financial Harbour’s mission is to enforce and help sustain this position”. Said Mr. Rothel BFH’s CEO.  He further declared “To realize our mission we are not only encouraging foreign financial service providers to establish branches in Bahrain but are also continuously supporting well established and reputed companies based in the Kingdom. This is why we are delighted to secure this insurance package deal from Takaful International, which is the leading Takaful Company in the region”.

Mr. Al Sayed added “this occasion is a great opportunity for us as both organizations are considered the pioneers in their respective fields. I would like to thank the management of BFH for considering Takaful International as a partner and insurance provider”.

He further mentioned “Takaful International will provide BFH with a comprehensive Sharia'a compliant insurance package, covering their assets for total amount exceeding US$ 326 million. In addition we will extend them our risk management services. In fact our strategy is to place the client at the forefront of our priority list and I am certain that this will be a start of a long and cordial business relationship”.

LMG which is a leading international broker having an office in Bahrain was an intermediary for exploring the market for the best terms and conditions supported by an international insurance securities packages for the BFH. This was found in Takaful International. ”We are glad to be associated with this project and be of service to BFH being the hub for all major financial institutions in the Kingdom. We also congratulate Takaful International for being awarded and wish them continuous success in the future” said Mr. Stafford.

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