Howden gets CBB approval to start Bahrain operations

TDT | Manama                                                

The Daily Tribune – www.newsofbahrain.com     

Howden, the international insurance broker, announced yesterday that it has received a regulatory license from the Central Bank of Bahrain to establish operations in the Kingdom of Bahrain.

The establishment of Howden Bahrain adds another key territory to Howden’s footprint in the Gulf, with existing operations in Dubai, Abu Dhabi and Oman employing over 200 people in the region.

It will provide a full range of insurance broking and risk advisory services across multiple risk sectors including Aviation, Construction, Energy, Financial Institutions, Marine, Property & Casualty, Employee Benefits and Specialty Lines.

Adam Knights, Executive Director and Chief Executive Officer, Howden Bahrain, said: “I am delighted to be involved in this new and exciting venture here in Bahrain, which has been my home for 26 years.

Howden Bahrain will provide Bahraini clients with personalised insurance solutions bolstered by Howden’s specialist expertise, data and analytics and technological capabilities.”

David Howden, Chief Executive Officer, Howden Group, added: “Howden has operated in the Gulf for over a decade, and we were attracted to the Kingdom of Bahrain due to its reputation for being business friendly, combined with its comprehensive regulatory environment and the availability of experienced and talented local individuals.”

Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board, said: “We are thrilled to see Howden enter the market benefiting from Barain’s earned reputation as the region’s most established financial hub with a forward-looking business ecosystem..” Howden is a sponsor of Bahrain’s Crown Prince’s Cup, underlining Howden’s passion for international horse racing in Bahrain and its commitment and support to local communities.