Takaful International seals agreement with Assicurazioni Generali

Takaful International CEO Younis Jamal

Bahrain-based Takaful International has appointed by Assicurazioni Generali S.p.A., a leading multinational insurance company with worldwide operation in more than 68 countries, to represent company in the Kingdom of Bahrain.

Assicurazioni Generali, through its Middle East regional office, signed a joint cooperation agreement with Takaful International as their representative in the Kingdom of Bahrain to provide group employee benefits coverage for its international clientele in the Kingdom.

Under the agreement, all local subsidiaries in Bahrain of international multinational customers of Assicurazioni Generali will benefit from the services offered by Takaful International in group insurance.

The signing ceremony was attended on behalf of Takaful International by the CEO Younis Jamal and Ali Noor, Deputy General Manager Family Takaful and Healthcare and on behalf of Assicurazioni Generali S.p.A. by the AG CEO and General Representative for the MENA region George Oommen and by the General Manager and SEO of the AG Middle East Regional Office, COO MENA Region and UAE General Representative Bruno Bertucci.

The agreement was signed at the Generali Middle East Regional Office at the Dubai International Financial Centre (DIFC).

“We are pleased to work together with Generali to provide exclusive and effective insurance coverage in line with the requirements of all institutions to ensure success and keep pace with the rapid growth in changing times,” said Younis Jamal, CEO of Takaful International.

Jamal added Generali’s decision to select us a partner is a testament to our reputation and capability to be distinctive in the local Bahraini market and on the international platform.

“The company continues to develop all health insurance products especially given the growing demand and increasing awareness of its importance, as the company seeks to create more partnerships in the Middle East,” he added.

Assicurazioni Generali S.p.A., Generali Group’s parent Company and principal operating company, is the market leader in Italy and was founded in 1831 in Trieste. Characterized from the outset by a strong international outlook and now present in 68 countries, Assicurazioni Generali has consolidated its position among the world’s leading insurance operators.
The Generali Group is one of the leading insurance groups in Europe, with a 2009 total premium income of more than € 70 billion; it is present in 68 countries with 70 million clients worldwide and more than 85,000 employees. The Group has over € 400 billion of assets under management.

Takaful International Company, which was founded in 1989 was the first Islamic insurance company in the region to provide services and a variety of insurance coverage which are in line with the foundations of the Islamic Sharia’a and meets the requirements of this age.

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