AL-BAHRIAH INSURANCE & REINSURANCE SAL
Al-Bahriah Insurance & Reinsurance is a specialist marine Insurer that provides Hull & Machinery coverage for Owners and Managers of commercial ships operating in international trade. Established in 1987, Al-Bahriah has built a reputation on sound financial foundations and selective underwriting. Al-Bahriah enjoys a comprehensive reinsurance programme and a high quality claims handling service.
Al-Bahriah Insurance & Reinsurance S.A.L. was founded in year 1987 for the purpose of meeting the demand of Hull Insurance. The name “Al-Bahriah” means “The-Mariners”. This name was chosen as a dedication to marine insurance. Since its establishment, Al-Bahriah has focused on most classes of marine insurance particularly emphasizing on hull & machinery.
GEORGE A. LAMMAM - Founder
George started his career as a banker. He soon moved to the financing of ships in order to assist Ship owners in increasing their purchasing capacity. Contributing to expansion of fleets, and having dealt extensively with ship insurance matters, he founded Al-Bahriah Insurance & Reinsurance. George served for more than 35 years in ship finance and marine insurance.
NABIL G. LAMMAM - Chairman and General Manager
selection process includes a risk based selection of vessels subject to condition surveys for new entered ships as well as follow-up maintenance surveys for existing ships. Al-Bahriah takes steps to ensure that new entered customers and tonnage have a stable and positive risk profile which operate at standards matching Al-Bahriah’s overall risk profile and quality requirements. Careful risk selection combined with adequate pricing of risks are the most important underwriting criteria to ensure the financial well being of Al-Bahriah over the years.