Howden, an international insurance broker, has received a regulatory license from the Central Bank of Bahrain in order to establish operations in the Kingdom.
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.
Howden Bahrain 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.
Mr. Adam Knights, Executive Director, and Chief Executive Officer of Howden Bahrain, said that, “Howden Bahrain will provide Bahraini clients with personalized insurance solutions bolstered by Howden’s specialist expertise, data and analytics, and technological capabilities.”
“Our engagements with multiple renowned Bahraini enterprises have encouraged us that there is ample opportunity for an alternative insurance broker to provide services in the kingdom, and our strategy will be to grow a sizeable market share by adding value to Bahraini clients using our international capabilities and by attracting and developing local talent,” Mr. Knights added.
Mr. David Howden, Chief Executive Officer of Howden Group, stated that, “Howden has operated in the Gulf for over a decade, and we were attracted to Bahrain due to its reputation for being business-friendly, combined with its comprehensive regulatory environment and the availability of experienced and talented local individuals. Our goal is to provide choice for clients in Bahrain and the wider Gulf region.”
“We are thrilled to see Howden enter the market benefiting from Bahrain’s earned reputation as the region’s most established financial hub with a forward-looking business ecosystem,” commented Ms. Dalal Buhejji, Executive Director of Business Development for Financial Services at the Bahrain Economic Development Board.
