Wednesday, November 10, 2010
Takaful signs key deal with Generali
MANAMA: Generali International has selected Takaful International as their representative in Bahrain after the signing of an exclusive co-operation agreement between them which covers all health insurance for the clientele of Generali in the kingdom.
Under the agreement, all clients and customers of Generali International in Bahrain will benefit from the services offered by Takaful International in health insurance and in turn Takaful family plans to utilise the services of Generali in the field of insurance and reinsurance, in laying the foundation for a successful global partnership in the field of Takaful insurance.
"We are pleased to work together with Generali International through the provision of 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 Takaful International chief executive officer Younis Alsayed.
"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 said.
Generali International holds a Rating (AA-) from Standard & Poor's and is one of the largest global insurance companies with branches in more than 68 countries.