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News

RENEWABLE ENERGY AND POWER PLANTS TO BE WRITTEN BE THE SYNDICATE
Monday January 17, 2011
Manama – BAHRAIN

In line with its continuous efforts to enhance its business and provide wider acceptance facility for its Members and Clients, the Syndicate announced that it has expanded its acceptance cover to include additional risks namely “Renewable Energy” and “Power Plants”

The addition of these two risk categories to the acceptance scope of the Syndicate at this time is essential to cater for the increasing need of environment-friendly power generation which is spreading its way fast within the Syndicate areas of operation, which in tern; calls for the availability of insurance and reinsurance covers and capacity to protect the producing plants against unexpected losses” said: Nabil Hajjar the Director of the Syndicate.

He added; “We have no doubt that; Members, Producers and Insurance companies will utilize our US$25M capacity and will find our technical support useful and beneficial to them which will enhance the position of the Syndicate as a reliable regional reinsurer”

Manama – Bahrain

January 17, 2011