27/06/2011
SABB Takaful, HSBC Insurance executives discuss trade growth
SABB Takaful Chairman Fouad Bahrawi, center, with SABB Takaful CEO Adrian Flowers, right, HSBC Holdings’ Group GM & Group Head of Insurance David Fried, second right, HSBC Insurance CEO for UK, Europe and Middle East Bruce Howe, second left, and HSBC Holdings’ Regional Head of Insurance Bharat Khosla at the meeting.
RIYADH: SABB Takaful Company, a Saudi joint stock company and an associate of The Saudi British Bank (SABB) and its global partner HSBC Group, hosted at its office in Riyadh David Fried, group head of insurance, HSBC Holdings, along with Bruce Howe, CEO, HSBC Insurance, UK, Europe and Middle East.
The visit to SABB Takaful is part of a regional tour by the HSBC Insurance executives to meet with government and regulatory officials and to visit major HSBC Insurance entities and distributors in Saudi Arabia and UAE to review business performance, future plans and strategies.
Fouad Bahrawi, chairman of SABB Takaful and Adrian Flowers, CEO of SABB Takaful, met Fried and Howe and discussed with them various aspects of cooperation with HSBC Group Insurance, exchanged views on the large growing business and the future of the insurance industry in Saudi Arabia.
Bahrawi said: “We are delighted to have David and Bruce visit Saudi Arabia. Their visit highlights the strong partnership between SABB and HSBC, and the benefits enjoyed by SABB Takaful customers as a result of this partnership and HSBC’s global outreach and International expertise.”
SABB Takaful is a major cooperative insurance company offering a wide range of life, protection and unique insurance solutions to individuals, businesses and corporate staff in Saudi Arabia.
