Bahrain Insurance Association (BIA) has re-elected Takaful International chief executive Younis Jamal Al Sayed as the chairman at its annual meeting held at the Gulf Hotel.

"It is a great privilege to be elected as the chairman by the board members and my colleagues in the insurance sector," said Al Sayed.

"Undoubtedly, the growth of the association and its achievements to date in establishing a highly effective role in society, is a result of the efforts of the previous members who have contributed to building the association. I would like to take this opportunity to thank them all.

"I will work in collaboration with all members to provide the best for the insurance industry and promote Bahrain as a capital of the banking and insurance sector within the region," he said.

Waleed Mahmoud is appointed vice-chairman, Stephen Wagstaff board secretary and Mohammed Radhi financial treasurer.

The five other board members are Fouad Abdulla Aziz, Robert Grey, Fadi Al Khatib, Steve Samson and Youssef Al Kareh.

BIA plays a main role in discussing and co-ordinating with insurance companies as well as the Central Bank of Bahrain, along with other associations and specialised institutions.

In addition, the BIA arranges different insurance activities such as organising workshops and seminars that aim to increase the awareness on the importance of insurance.

The association also contributes towards studies, plans and recommendations for the progress of the insurance industry in the kingdom.-TradeArabia News Service