Bahrain: GIG Gulf, one of the largest insurance providers in the MENA region, hosted its VIP broker event and awards under the theme of ‘Pride and Passion’. The event was held in Bahrain for the first time and saw over 100 local partners in attendance. The occasion also recognised the significant investment by GIG Gulf in its new regional headquarters located in the Bahrain Bay district.

It was the first time GIG Gulf welcomed its brokers to their new offices showcasing their sustainable regional platform with state-of-the-art facilities along with future innovation which will transform its customer’s experience across the region. The event was opened by Ahmed Marhamat Jahromi, GIG Gulf’s General Manager and Director of Commercial Lines – Bahrain.

Paul Adamson, CEO of GIG Gulf, addressed the brokers during the event and shared updates on GIG Gulf’s performance, the strategic importance of Bahrain to the group, along with future plans for investment and expansion of the company’s insurance activity across the region.

GIG Gulf is a leading regional insurer with revenues in excess of $1 billion and a top player in each of its key markets across the region. The independent rating agency A.M Best has reaffirmed GIG Gulf’s rating as ‘A’ Excellent confirming the financial strength and positive future outlook for the company. The company is uniquely positioned not only as the leading regional insurer, but operates across all insurance segments including Healthcare, Motor and Property protecting over 1 million consumers including SMEs and corporations.

As Paul Adamson said: “We have focused on building a sustainable business model to service our expanding customer base. Bahrain is strategically important for us as we have invested in a purpose-built building to create an insurance platform with our own in-house capabilities to service both the local and regional markets. We pride ourselves on the highest quality of services and are investing in an innovative transformation of our experience, simplifying the lives of our customers.”

 “Over the last 2 years, GIG Gulf created over 160 new jobs in Bahrain and recruited over 100 Bahraini nationals with a total workforce now approaching 300 located in our new home in Bahrain Bay. We are proud of this significant contribution to the local community and the creation of new employment opportunities which would not have been possible without the strong support from both Tamkeen and the Bahrain Economic Development Board.”

The event was closed by GIG Gulf’s Laura Gerstein, Chief Employee Benefits Officer, Franck Heimburger, Chief Personal Lines Officer, and Riccardo Arroyo, Chief Commercial Lines Officer, who all extended GIG Gulfs’ respect to its valued partners by recognizing their performance and contribution to the overall success of the company’s operations in Bahrain.

-Ends-

ABOUT GIG GULF

GIG Gulf is part of the Gulf Insurance Group (GIG), the #1 largest regional composite insurer in the Middle East and North Africa, with companies in Kuwait, Jordan, Bahrain, Egypt, Turkey, Algeria, Syria, Iraq, Lebanon, Saudi Arabia, and Emirates. Its reported consolidated assets stand at US$ 4.5 billion as of 31 December 2021.

GIG Gulf is an ‘A’ rated regional insurer with a top 5 position in each of its markets. GIG Gulf has been present in the region for over 70 years with a strategic focus on both growth and investments and is a one stop shop offering a wide range of insurance products and services that cater to a broad variety of needs for corporates, SMEs and individual customers throughout UAE, Oman, Bahrain, and Qatar. GIG Gulf also owns a 50% stake in GIG Saudi. With a workforce of over 800 employees across 15 branches and retail shops region-wide and over 1 million customers, GIG Gulf is a caring partner that encourages customers to achieve their goals and live an inspiring and fulfilling life. Obsessed with customer feedback and continuously evolving to become the region’s digital insurer of reference,

GIG Gulf is also focused on making a difference for customers, partners, and communities through strong CSR commitments. Recognised as a leading insurance brand, GIG Gulf has been winning several awards for its quality of services and products, most recently winning the 2021 Health Insurer of the Year award, by MENA IR.

For more information, visit www.giggulf.bh and follow us on: https://twitter.com/gig_gulf https://www.linkedin.com/company/giggulf https://www.facebook.com/giggulf/ https://www.instagram.com/giggulf/

IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS

Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause actual results and GIG GULF’s plans and objectives to differ materially from those expressed or implied in the forward-looking statements. GIG GULF undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events, or circumstances or otherwise.

FOR MORE INFORMATION:
GIG:
Marijke Beijer
Head of Brand, Marketing and Communications
Marijke.Beijer@gig-gulf.com 
WEBER SHANDWICK:
Karan Narsinghani
Senior Account Manager
KNarsinghani@webershandwick.com