Arig - Takaful Re

Your Partner In Risk
1.
Yassir Albaharna
Chief Executive Officer
Tel: +973 17 544 112
albaharna.y@arig.com.bh
3.
Nagarajan Kannan
Deputy General Manager Finance & Administration
Tel: +973 17 544 123
kannan.n@arig.com.bh
2.
Andreas Weidlich
General Manager Reinsurance
Tel: +973 17 544 123
weidlich.a@arig.com.bh
4.
Salah Al Maraj
Assistant General Manager Reinsurance
Tel: +973 17 544 207
al-maraj.s@arig.com.bh
Dear Readers,
Do you really know your reinsurer? This is a crucial question that usually springs to mind after
large loss events. Because after all, this is the time when the protection you bought will need
to be ready for delivery. But in reality, your checklist must be completed long before the house
is on fire: does your reinsurer hold risk capital in the right quality and quantity? Is he a truly
professional underwriter who also offers you risk advice? Does he understand your company’s
development needs and does he speak your language?
These are only some of the questions you will be asking yourself. Yet despite our cat-modeled
and high-tech industry environment, reinsurance still remains a people business. Even a credit
rating will not be able to replace a relationship of mutual trust that has grown over many years
of service and commitment. That is why we have put together this booklet for you. We hope it
will make it easier for you to identify and contact the person at Arig who you wish to trust with
your reinsurance needs.
ARAB INSURANCE GROUP
(B.S.C.)
01
Client Markets
Arig was founded over 30 years ago and has since grown to become one of the largest Arab-owned professional reinsurers.
Today the Company is publically traded on the stock exchanges of Bahrain and Dubai and held by nearly 5,000 individual
and institutional shareholders, 55% of which belong to the public sector. In 2012, its reinsurance gross written premiums
reached US$ 238.6 million. Its paid-up capital is US$ 220 million.
Arig is active in the Middle East, Africa and throughout Asia. In addition, Arig has a standing participation in global
reinsurance through it’s sharing in Lloyd’s business. We believe in a free and competitive market environment where we
strive to achieve profitable growth through skillful underwriting, strong risk management, premier customer service and
controlled expansion. We cover the Afro-Asian markets from our Bahraini domicile in tandem with the regionally active
Branch operations in Singapore and Labuan as well as our Representative Office in Mauritius that services Sub-Sahara
territories and Libya Representative Office that services the Maghreb countries.
Within its markets, Arig is recognized for its consistently high professional standards and a customer focused approach.
The Company writes a diversified portfolio of Life and Non-life covers. Sharing expertise and providing flexible and
comprehensive support to its clients has earned Arig a level of customer loyalty and satisfaction that well exceeds the
industry average.
02
1.
Serge Said Asmar
Director - Middle East,
Turkey, Iran, Russia & Eastern Europe
Tel: +973 17 544 248
asmar.s@arig.com.bh
2.
Abdul Hameed Al-Ammadi
Assistant Director - GCC,
Yemen & Pakistan
Tel: +973 17 544 356
hameed.a@arig.com.bh
1.
Laurent Biéhly
Director - Africa & Indian
Sub-continent,
Marine & Casualty
Tel: +973 17 544 140
biehly.l@arig.com.bh
2.
Ibrahim Saleh
Assistant Director - Africa
Tel: +973 17 544 210
saleh.i@arig.com.bh
ARAB INSURANCE GROUP
(B.S.C.)
3.
Aakash Parikh
Assistant Director
Indian Sub-continent
Tel: +973 17 544 152
parikh.a@arig.com.bh
1.
Christian Ladoux
GM & Principal Officer
Singapore Branch
Tel: +65 6536 6618
ladoux.c@arig.com.sg
2
Christina Lim
Senior Underwriter
Singapore Branch
Tel: +65 6534 2495
lim.c@arig.com.sg
Mauritius Representative Office
1.
Thierry Ravoaja
Regional Representative
Tel: +230 211 54 69 / 211 55 03
ravoaja.t@arig.com.mu
2.
Geneviève Castagnette
Senior Manager
Tel: +230 211 54 69 / 211 55 03
castagnette.g@arig.com.mu
Libya Representative Office
Salah Al-Mabrouk
Regional Representative
Tel: +218 21 336 2486
al-mabrouk.s@arig.com.bh
ARAB INSURANCE GROUP
(B.S.C.)
03
Facultative
Within the facultative division Arig provides, support for Engineering, Property, Casualty/Liability, Marine Cargo, Hull &
Liabilities, as well as Motor and Extended Warranties product lines. Supported by a team of very experienced underwriters
and our long standing commitment to the Afro-Asian markets, we are able to offer lead terms or following lines backed by
considerable underwriting capacity. In addition, we assist our clients with professional advice on new product ideas.
04
Peter Tailby
Senior Underwriter - Engineering
Tel +973 17 544 232
tailby.p@arig.com.bh
Selvakumar Markandan
Senior Underwriter - Property
Tel: +973 17 544 138
markandan.s@arig.com.bh
Radhi Al-Kamel
Senior Underwriter - Casualty
Tel: +973 17 544 220
al-kamel.r@arig.com.bh
Sankar K. Sahasranaman
Senior Underwriter - Extended Warranty
Tel: +973 17 544 272
krishnan.s@arig.com.bh
ARAB INSURANCE GROUP
(B.S.C.)
ARAB INSURANCE GROUP
(B.S.C.)
05
Life & Medical
Life
Medical
Awareness and demand for life insurance and related
benefits is increasing rapidly throughout the region.
Today, Arig is a regional market leader in life reinsurance.
It has an internationally experienced team dedicated
to developing markets in the MENA region. Marketing,
product development, training and technical support is
provided to insurers and Arig will offer terms to lead or
follow on treaty and facultative life business.
The demand for private medical insurance has risen
strongly over the past few years. In partnership with
its clients, Arig offers medical reinsurance including
product development and rating. The highly experienced
team also supports marketing, sales training and
claims management operations for its clients. Medical
reinsurance is written on a selective basis with strong
claims control principles exercised through suitable in
house solutions or external third party administrators.
In addition, Arig can provide or give guidance on software,
actuarial and technical solutions to help maximize the
growth opportunities being experienced by insurers.
Product lines supported include all group and individual
life and PA benefits and credit life schemes.
1.
Jeffrey Lawson
Director - Life and Medical
Tel: +973 17 544 113
lawson.j@arig.com.bh
2.
Steve Bloxsome
Senior Manager - Life
Tel: +973 17 544 289
bloxsome.s@arig.com.bh
3. Toufic Elias Srour
Senior Underwriter - Life
Tel: +973 17 544 379
srour.t@arig.com.bh
4.
Enas Ismail Asiri
Underwriter - Medical
Tel: +973 17 544 252
akbar.e@arig.com.bh
2
1
06
ARAB INSURANCE GROUP
(B.S.C.)
3
4
ARAB INSURANCE GROUP
(B.S.C.)
07
Claims & Technical Accounts (CTA)
The Claims and Technical Accounts Department (CTA) is responsible for
processing all client claims and premium closings and treaty accounts,
as well as performing statement reconciliation, prior to the settlement of
balances. Staffed by experienced professionals in all functional areas, its
main objective is to ensure immediate agreement to technical accounts in
order to achieve prompt payment. The department focuses on individual
client service, which is provided by technicians permanently allocated
to each producer, and is divided into regional teams. In addition, CTA
handles outward reinsurance recoveries and commutations.
1.
Rachid Mechouet
Director - Claims & Technical Accounting
Tel: +973 17 544 117
mechouet.r@arig.com.bh
2.
Layla Issa Ebrahim
Assistant Director - Claims & Technical Accounting
Tel: +973 17 544 259
ebrahim.l@arig.com.bh
3. Roy Idicula
Assistant Director - Claims & Technical Accounting Tel: +973 17 544 235
idicula.r@arig.com.bh
3
08
ARAB INSURANCE GROUP
(B.S.C.)
2
1
Hardy Arig Insurance Management (HAIM)
HAIM is registered in Bahrain and regulated by the Central Bank of Bahrain. As a coverholder of Hardy’s syndicate 382 it
is also subject to Lloyd’s regulatory regime for delegated underwriting. The company is equally owned by two partners who
have built an excellent reputation in their own right:
Hardy Underwriting Bermuda Limited, through its U.K. subsidiaries, owns and manages syndicate 382 at Lloyd’s. Its
underwriting-led approach has enabled Hardy to build a strong reputation as a respected leader across its portfolio.
Hardy has developed considerable expertise across a range of classes, including Property, Construction, Energy and
Political Violence. Hardy Underwriting Bermuda was acquired by the CNA Financial Group in July 2012.
n
Arig, one of the most recognized and best capitalized regional reinsurers in the Middle East, has been an integral part
of the Afro-Asian reinsurance markets for well over 30 years. During this time it has built an unparalleled network of
business and personal relationships across the Middle East and North Africa that has in recent years been expanded
within the Far East and the Sub-Sahara regions with offices in Singapore, Mauritius and Tripoli. Arig is writing a highly
diversified portfolio across a variety of Life and Non-Life classes. The company is listed on the stock exchanges of
Bahrain and Dubai.
n
Besides dedicated staff, HAIM draws on the underwriting and market experience of its two shareholders to provide
reinsurance solutions to its customers and develop its portfolio with a clear focus on quality. Domiciled in Bahrain, the
company’s reach extends as far as that of its shareholders, Hardy and Arig.
Andreas Weidlich
Chief Executive Officer
Tel: +973 17 544 123
andreas.weidlich@haim.com.bh
Lana E. Zainal
Underwriting Manager
Tel: +973 17 544 205
lana.zainal@haim.com.bh
Arig House, Diplomatic Area
P.O. Box 26992, Manama
Kingdom of Bahrain
Tel: +973 17 544 222
Fax: +973 17 531 155
info@haim.com.bh
www.haim.com.bh
ARAB INSURANCE GROUP
(B.S.C.)
09
10
ARAB INSURANCE GROUP
(B.S.C.)
Group Financial Data*
Shareholding
Portfolio Mix 2012
% of total GWP in 2012
Extended Warranties
Medical
Others
Accident
Marine
Life
Engineering
Lloyd's Accounts
Property
0%
5%
10%
15%
20%
25%
30%
Key Figures
(US$ Millions)
2012
2011
2010
2009
2008
Gross Premiums Written
238.6
247.5
239.5
279.4
280.7
Net Written Premiums
216.4
215.8
211.9
270.7
269.2
15.3
(19.1)
20.8
21.9
(28.6)
Investment Assets
653.4
652.8
646.9
663.7
678.5
Total Assets
999.9
1,022.1
1,038.4
1,132.3
1,082.9
Net Technical Provisions
543.7
564.8
569.4
589.8
524.7
Shareholders’ Equity
247.1
222.4
260.1
267.3
239.6
Net Profit (Loss)
*All figures as of 31st December 2012
ARAB INSURANCE GROUP
(B.S.C.)
11
ARIMA Insurance & Reinsurance Software
ARIMA Insurance software provides a wide range of software solutions to the insurance and
reinsurance markets. All of the solutions have been developed by industry experts and have been
deployed in the Middle East & North Africa region (MENA), Africa and Asia regions.
Each of the core applications caters for the full processing needs of that sector of the market (e.g.
Reinsurance for Reinsurance Companies, Life, Medical and General insurance) and are scalable to
a client’s needs. In additional to the core systems, there are various optional specialised modules
to complement the core processing needs and increase the benefits that users of the software can
obtain. This includes Bancassurance, Client Portals, CRM and Imaging modules.
ARIMA was established in 2002 and has grown in the region by offering scalable products that
meet client’s business needs via cost effective solutions. For more information, please visit ARIMA
website: www.arima.com.bh.
12
ARAB INSURANCE GROUP
(B.S.C.)
1.
Simon Cox
General Manager
Tel: +973 17 544 180
cox.s@arig.com.bh
2.
Adel Al Mudaifa
Assistant General Manager
Tel: +973 17 544 179
al-mudaifa.a@arig.com.bh
3.
Hussain Al Watani
Senior Manager - Systems Development
Tel: +973 17 544 324
al-watani.h@arig.com.bh
The Arig Group
Parent Company
Head Office
Arig House, Diplomatic Area
P.O. Box 26992
Manama, Kingdom of Bahrain
Tel: +973 17 544 444
Fax: +973 17 530 289 / 17 531 155
E-mail: info@arig.com.bh
www.arig.net
Singapore Branch
2 Shenton Way, #13-02
SGX Centre 1
Singapore 068804
Tel: +65 653 666 18
Fax: +65 653 666 19
E-mail: info@arig.com.sg
Mauritius Representative Office
Unit 12C, 12th Floor Raffles Tower
19 Cybercity, Ebene
Mauritius
Tel: +230 466 0112 / 466 0092
Fax: +230 466 0114
E-mail: info@arig.com.mu Libya Representative Office
Tripoli Tower - No.2
14th floor - No.145
Tripoli - Libya
Tel: +218 21 336 2484
Fax: +218 21 336 2485
Email: al-mabrouk.s@arig.com.bh
Labuan Branch
Management Office
C/o Brighton Management Limited
Brighton Place
Ground Floor, Shoplot No. U0215
Jalan Bahasa
P.O. Box 80431
87014 Labuan FT
Malaysia
Tel: +60 87 442 899
Fax: +60 87 451 899
Subsidiaries
Takaful Re Limited
P.O. Box 211181, UAE
DIFC, Dubai International Financial Centre,
The Gate District
Precinct Building 3, Level 4, Office 403
Dubai, United Arab Emirates
Tel: +971 4 360 0535
Fax: +971 4 363 7197
E-mail: takaful-re@takaful-re.ae
www.takaful-re.ae
ARIMA Insurance Software (W.L.L.)
P.O. Box 15642
Manama, Kingdom of Bahrain
Tel: +973 17 544 111
Fax: +973 17 918 111
E-mail: arima@arima.com.bh
www.arima.com.bh
Gulf Warranties (W.L.L.)
P.O. Box 5209
Dubai, United Arab Emirates
Tel: +971 4 335 5347
Fax: +971 4 335 5679
E-mail: dubai@gulfwarranties.com
www.gulfwarranties.com
Arig Capital Limited
4th Floor, Mitre House
12-14 Mitre Street
London EC3A 5BU
U.K.
Tel: (+44) 20 3207 0081
Joint Venture
Hardy Arig Insurance Management (HAIM)
Arig House
Diplomatic Area
P.O. Box 26992, Manama
Kingdom of Bahrain
Tel: +973 17 544 222
Fax: +973 17 531 155
E-mail: info@haim.com.bh
www.haim.com.bh
ARAB INSURANCE GROUP
(B.S.C.)