MetLife Alico, a leading life insurance company, and Mashreq Bahrain have announced a new partnership agreement covering the Kingdom.

The move will see MetLife Alico and Mashreq Bahrain tap into the market opportunity that Bahrain offers, said senior officials at the signing ceremony.

Life insurance in Bahrain is at its nascent stages but is expected to witness sizeable growth, they added.

Mashreq Bahrain country head Iqbal Khanyari said, "In these challenging times, it is vital to demonstrate our commitment in addressing our customer's financial well-being objectives."

"We believe MetLife Alico's solutions together with Mashreq Bahrain's wealth management strategy will meet this requirement."

"With this agreement, we will now be in a robust position to be a one-stop-shop for our customers' protection needs," Khanyari noted.

"We have chosen MetLife Alico as they are one of the best providers in the region with managed care capabilities and a wide variety of tailor-made plans as part of customers' wealth management requirements," he added.

"We, at MetLife Alico, are honoured to collaborate with Mashreq Bahrain which is one the most reputable banks in the region," said MetLife Alico Gulf country manager for Bahrain, Oman, Qatar and Kuwait, Alex Bromley.

"Expanding our existing successful collaboration in UAE and Qatar helps us further strengthen our reach and distribution in the emerging Bahraini market," he added.-TradeArabia News Service