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Monday, November 30 - 2009

Solidarity strengthens senior management team for further growth

Solidarity, one of the largest Takaful Companies in the world, has appointed Martin Whelan as Head of Strategic and Business Planning, Family Takaful Division.

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  • (left- right): Rob King, General Manager, Solidarity- Family Takaful and Martin Whelan, Head of Strategic and Business Planning, Solidarity- Family Takaful.
    (left- right): Rob King, General Manager, Solidarity- Family Takaful and Martin Whelan, Head of Strategic and Business Planning, Solidarity- Family Takaful.
Mr. Whelan's appointment reflects the company's emphasis on sustained growth in key international markets.

The Takaful (Islamic insurance) sector is increasingly being recognized by the world's financial industry for its market-driven initiatives, credibility and strategic growth. In light of the industry's rapid development, Solidarity's management team has heightened its focus on business development and identifying vital areas for growth.

With over 20 years of international experience in the insurance sector, Mr. Whelan will assist the company in its expansion plans. Previously, Mr. Whelan has held senior management roles in major international financial and insurance companies including; Zurich International Life, Saudi American Bank, Eagle Star International Life, Prudential Insurance and the Chelston Partnership.

"We are delighted to welcome Martin on board with us at Solidarity - Family Takaful," said Rob King, General Manager, Solidarity - Family Takaful.

"Having developed a strong presence in the Kingdom of Bahrain and Qatar, we are keen to expand into other Middle East & North Africa (MENA) markets, the United Kingdom and other key areas. This expansion is being driven by the increasing requirement for Takaful products around the world and Martin's extensive industry and local knowledge coupled with his strategic planning skills will assist Solidarity - Family Takaful on its path to further growth," King added.

Mr. Whelan is a fellow of the Institute of Sales and Marketing (UK) and also has a full financial planning certificate and international financial adviser certificate from the Chartered Insurance Institute (UK).

Speaking on his appointment, Mr. Whelan said, "I am really looking forward to the challenge of developing new business opportunities for the Family Takaful Division world wide. Solidarity was set up in response to the increasing demand for Takaful (Islamic insurance and assurance) products and in that respect I will focus on identifying specific areas where there is a need for premium Family Takaful products and meeting that need accordingly."

"This is a really exciting time to be involved with the Islamic insurance sector which has evolved rapidly over the past few years. Through my role with the company I hope to bring Solidarity - Family Takaful's plans to new markets, continue to ensure our product range meets the highest quality standards and guarantee the distribution of all products through accredited channels," Whelan concluded.
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Notes and media contacts

Established as one of the leading companies in the Arab world with US$ 100,000,000 in paid up capital, Solidarity is poised to become the largest Takaful Company in the world.

Solidarity is a company incorporated under the laws and regulations of the Kingdom Bahrain. Our main purpose is to focus on providing Takaful products that comply with Islamic Sharia'h across the GCC and selected Middle Eastern, Asian, and European countries.

Solidarity has been set up in direct response to the growing demand for Family and General Takaful products across the region. Realizing the scope of this unique and ever-expanding Islamic system of insurance and assurance, Solidarity is poised to lead the way in providing a diverse range of prudent saving and investment opportunities with Takaful Protection Benefits - designed to give the ultimate peace of mind - ideally suited for retirement, wealth accumulation, education, and other family and individual plans. Along with the family related plans, Solidarity provides the utmost safety and protection against the widest possible risks through a range of General Takaful products like: Motor, Home, Marine, and health.

For more information, please contact:
Bassel Hanbali - Head of Marketing, Solidarity
Tel: +973 17 578777
Fax: +973 17 578787

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