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 Director of Business Development & Assistant General Manager in 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 one of the leading regional insurers 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 as one of the leading regional insurers. It 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.