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Oct 2019

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Brokerage firm to launch Bahrain's first online insurance aggregator

Source: Middle East Insurance Review | Jul 2019

Bridge Insurance and Reinsurance Brokers, licensed by the Central Bank of Bahrain, is expected to launch Bahrain’s first online insurance aggregator Tameenek in August. 
 
The company has secured a strategic investment from Al Jazeera Shipping Company (AJS), a leading marine operator in the Gulf region. 
 
Commenting on the announcement, Bridge’s chairman Mahmood Al Soofi said, “We are delighted to be partnering with Al Jazeera Shipping Company. We believe they are the right partners with whom we can expand our capabilities. Bridge is about to embark on a new and exciting chapter of growth with the launch of Tameenek this August, and their strategic investment will help us further execute our ambition to provide exciting new solutions that can benefit all stakeholders.”
 
AJS is considered one of the largest marine operators in the Gulf region with vessels working all over the Arabian Gulf alongside offshore companies operating in Saudi Arabia, the UAE, Kuwait, Oman, Iraq and other countries in the region.
 
Mr Ali Hassan, AJS managing director and chairman of Hasan and Habib Sons of Mahmood Group of Companies said, “We are excited about our partnership with Bridge, particularly Tameenek, which is the first InsurTech platform of its kind in Bahrain. There are many areas of mutual benefit and cooperation between the two parties, which we look forward to achieving. As a family business group, we are always aspiring to find growth opportunities that provide long-term value creation, and we believe Bridge has put in place the right infrastructure to achieve that.” M 
 
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