Bahrain Kuwait Insurance Company
Bahrain Kuwait Insurance Company (B.S.C.) was established in 1975 with Bahraini and Kuwaiti shareholders. By virtue of its shareholding structure, BKIC is allowed to operate as a national insurance company both in Bahrain and Kuwait, the only company to enjoy such a privilege.
The current paid up capital of the company is BD 7,150,000 and the number of shareholders is nearly 3,800. Gulf Insurance Group (gig), which is owned by Kuwait Projects Company (KIPCO) and Fairfax Financial Holdings Limited, became the largest shareholder of the BKIC in 2008, with a share of 56.12% currently.
BKIC is involved in all classes of insurance with the major categories being Fire, General Accident, Engineering, Marine, Motor, Group Life and Health. Over the last forty years, BKIC has enjoyed steady growth in various areas and built a solid relationship with its customers on mutual trust, integrity and financial strength, and has grown to occupy a leading position in the Insurance Industry in Bahrain.
The Company's quest for growth has gone hand in hand with its commitment to social causes. Apart from providing financial contributions to various institutions, the company has actively participated in social awareness campaigns. The success of the company can therefore be measured in terms of the overall stakeholder value that has been created, be it for the customers, the shareholders, the employees or the society at large. BKIC's Social commitment is well manifested in the architecturally elegant pedestrian bridge that has been put up on the King Faisal highway.
BKIC prides itself on being in the forefront of training and development of its employees. The staff of BKIC enjoys enviable reputation for their solid technical knowledge and professionalism.
BKIC is well positioned to face the competitive pressures of the market and expand into new lines of business as well as innovative methods of distribution. As a part of the ongoing strategic investment programme of the company, BKIC is among the founders of the following companies:
- United Insurance Company – Bahrain
- Gulf Assist – Bahrain
Recently, Bahrain Kuwait Insurance acquired 41% of Takaful International, and therefore became the largest shareholder for the company.
- Mr. Murad Ali Murad
- Mr. Khaled Al Hasan
- Mr. Ebrahim Sherief Al Rayes
Chief Executive Officer
- Mr. Waleed Ahmed Mahmood
General Manager – Bahrain
- Mr. Abdulla Rabia Mohammed
General Manager – Kuwait
BKIC Tower 2775,
Road 2835, Block 428, Seef District,
Kingdom of Bahrain
+973 17 119999
+973 17 921111