MANAMA: Bahrain Financial Harbour (BFH) has signed an insurance package deal with Takaful International.

According to the deal, Takaful International will provide an all-risk insurance cover and risk solutions.

The contracts were signed between BFH chief executive Stephen Rothel and Takaful International chief executive Younis Jamal Al Sayed.

The event was attended by BFH senior manager fit out co-ordinator Nigel Gimbert, human resources manager Ringo Bautista, Takaful International general manager Essam Al Ansari, manager major accounts Ahmed Swailem, LMG group general manager James Stafford, manager property insurance R Sairaj and business development manager Shiva Prasad.

"Bahrain today enjoys an unparalleled position as the leading international financial centre of the Middle East and Bahrain Financial Harbour's mission is to enforce and help sustain this position," Mr Rothel said.

"To realise our mission we are not only encouraging foreign financial service providers to establish branches in Bahrain but are also continuously supporting well established and reputed companies based in the kingdom," he said.

"Takaful International will provide BFH with a comprehensive Sharia compliant insurance package, covering their assets for total amount exceeding $326 million," Mr Al Sayed said.

LMG, an international broker having an office in Bahrain, was an intermediary for exploring the market for the best terms and conditions supported by an international insurance securities packages for the BFH.