Company Research Report: BMS Masaood

Company Overview

Name:

BMS Masaood

Mission of the Company:

To deliver exceptional insurance solutions that meet the ever-evolving demands of clients, backed by extensive experience and unwavering dedication to service excellence.

Founded:

2007

Founders:

No information is available

Key People:

• Chairman: H.E. Masaood Ahmed Al Masaood

• Vice Chairman: H.E. Tariq Ahmed Al Masaood

• Chief Executive Officer: Vedanta Baruah

• Chief Operating Officer - BMS: Adam Stafford

• Chairman, International: Peregrine Towneley

• Chief Executive Officer, International: Nick Gillett

• Director: Ziad Abou Nasr

Headquarters:

7th Floor, Old Nissan Showroom Building, Najda Street, Abu Dhabi, UAE

Number of Employees:

150

Revenue:

No information is available

Known For:

• Comprehensive and bespoke insurance and reinsurance solutions.

• Specialization in various sectors including Property, Liability, Medical, Life, Marine Cargo, Hull, Transportation & Fleets, Aviation, Cyber, and Emerging risks.

Products

Product Overview:

BMS Masaood provides a versatile range of insurance products catering to both personal and corporate needs, as well as specialized reinsurance solutions.

Personal Insurance Products:

• Travel Insurance: Comprehensive travel coverage for individuals.

• Boat Insurance: Protection for marine vessels.

• Health Insurance: Coverage for medical expenses.

• Life Insurance: Financial security for life contingencies.

• Motor Insurance: Insurance for vehicles.

• Home Insurance: Protection for residential properties.

Corporate Insurance Products:

• Commercial Solutions: Customized insurance for businesses.

• Government Solutions: Insurance specifically designed for governmental operations.

• Employee Benefits: Tailored insurance plans for employee wellbeing.

Reinsurance:

BMS Masaood’s Reinsurance Division provides cutting-edge, innovative solutions, ensuring global market access and capacity. Emphasizing independence and corporate governance, the division is recognized for delivering outstanding outcomes and trusted relationships.

Recent Developments

Partnerships and Joint Ventures:

• In 2023, Berns Brett Masaood entered into a joint venture with BMS Group, forming BMS Masaood. This partnership allows for enhanced access to global markets and superior client experiences.

Rebranding:

• To reflect the joint venture with BMS Group, Berns Brett Masaood rebranded itself as BMS Masaood.

New Products or Features:

No information is available

Strategic Initiatives:

• Focus on digital-first approaches with efficient customer service.

• Strong emphasis on corporate governance, transparency, and conflict-free dealings.

Contacts

• Address: 7th Floor, Old Nissan Showroom Building, Najda Street, Abu Dhabi, UAE

• Phone: +971 2 676 1939

• Email: enquiries@bmsmasaood.com

Key Regulatory Info:

• Regulator: Central Bank of the United Arab Emirates

• Registration Number: 219