Affiliated Companies

Gulf Coverage Insurance and Reinsurance Brokers (Gulf Coverage)

 

Gulf Coverage Insurance & Reinsurance Brokers (Gulf Coverage) is an affiliated company which was established in 2011 by a group of Saudi businessmen and Commercial & General. It is a Sama – licensed insurance and reinsurance brokerage firm operating in the kingdom of Saudi Arabia via two offices in Jeddah and Riyadh.

Gulf Coverage’s professional and experienced team specialises in Engineering (CAR/EAR, Machinery Breakdown, Electronic and Contractors’ Plant and Equipment) and Marine Hull business. During the past few years they have handled construction risks with total contract values of around SR 7,000,000,000 as well as a portfolio of Marine Hull/P&I risks for major groups in excess of a total premium of SR 25,000,000/year.

In addition, Gulf Coverage offers professional services in the following classes of insurance:

Motor Health Life and Personal Accident (Individuals and Group Life)
Money (Fidelity Guarantee)
Property (All Risks, Industrial All Risks, LOP, Burglary and Theft)
Liability (professional and Public)
Marine Cargo
Bloodstock
Bankers All Risks
Energy
Political Violence

Gulf Coverage now services an annual portfolio of around SR 110,000,000 including SR 70,000,000 of captive business,Comprising in excess of 30,000 insured members, 6,000 insured vehicles as well as 200 insured dredgers/boats/vessels.

Key Contacts are Mr. Faris Al Saady: Chairman Mr. Ibrahim Fanj: CEO Mr. Marc Tromb: Deputy General Manager Mr. Bassel Hammoud: Finance Manager Mr. Kamil Barouki: Technical Manager

Gulf Coverage contact addresses are:

Riyadh Branch

Al Oroba Road
Al Worood District
KSA
Tel: +966 11 2933344 Fax: +966 11 2934700

Jeddah Branch

Ground Floor
Shahd Center Ibrahim
Al Jaffaly Street
Al Andalos District
KSA
Tel: +966 12 611 5769 +966 12 6113768 Fax : +966 12 2908179