Bridge Insurance and Reinsurance Brokers announces investment from Al Jazeera Shipping Company 

Terms of the transaction were not disclosed.


Bahrain – Bridge Insurance and Reinsurance Brokers has announced an agreement to secure a strategic investment from Al Jazeera Shipping Company (AJS), one of the largest marine operators in the Gulf region.

Terms of the transaction were not disclosed.

The company, which currently provides insurance brokerage and consultancy services, is in the process of launching the first insurance comparison portal in Bahrain, Tameenek, in August 2019. 

Commenting on the announcement, Chairman Mahmood Al Soofi said: “We are delighted to be partnering with Al Jazeera Shipping Co. We believe they are the right partners with whom we can expand our capabilities. Bridge is about to embark on a new and exciting chapter of growth with the launch of Tameenek this August and their strategic investment will help us further execute our ambition to provide exciting new solutions that can benefit all stakeholders.”

AJS is considered to be one of the largest marine operators in the Gulf region with vessels working all over the Arabian Gulf alongside offshore companies operating in Saudi Arabia, UAE, Kuwait, Oman, Iraq and other countries in the region.

“We are excited about our partnership with Bridge, particularly Tameenek, which is the first InsurTech platform of its kind in Bahrain. There are a lot of areas of mutual benefit and cooperation between the two parties, which we look forward to achieving. As a family business group, we are always aspiring to find growth opportunities that provide long term value creation, and we believe Bridge has put in place the right infrastructure to achieve that," stated Ali Hassan Mahmood, Managing Director of Al Jazeera Shipping Co. and Chairman of Hasan and Habib Sons of Mahmood Group of Companies.

© Press Release 2019

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases