Who is GIG?

GIG is the regional anchor to AXA’s global expertise.

A top 3 player in the GCC and the #1 regional multi-liner, present in 13 markets.

Backed by Fairfax and KIPCO, 2 strong international shareholders that are leading many success stories in the insurance industry.

Amongst the top 10 most valuable insurance companies, according to Forbes Middle East.

Our strengths in harmony

“On behalf of the GIG family, we are delighted to welcome our new colleagues from AXA Gulf and AXA KSA. The successful completion of this transaction reinforces the continuous commitment to our strategic direction and strengthens our positioning to become one of the largest insurance players in the MENA region. The way ahead is full of opportunity, and we’re excited about the journey.”
Khaled Saoud Al Hasan
CEO, GIG Group & Board Member
“As AXA Gulf, we have always embraced change. AXA becoming part of GIG over the next few months, makes us stronger together. With the same people, processes and products, we guarantee continuity and the high standards our customers expect. And with our new ambition, footprint and investment capacity, we look forward to more opportunities that will only grow in the future.”
Paul Adamson
CEO, AXA Gulf

A promise from our people

"With a stronger regional presence, GIG Gulf can become more relevant to our customers and closer to our partners."
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Caroline Bertrand
Chief Marketing, Digital & Customer Experience Officer
"As we become GIG, our whole workforce will start a new chapter, carrying forward our philosophy, and continuing to make a positive impact in the region."
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0:42
Despo Michaelides
Chief HR & Diversity Officer
"By retaining our people and our unmatched in-house expertise as well as our local, regional and international networks, we ensure for our brokers, customers and members, this will be a win-win."
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Laura Gerstein
Chief Employee Benefits Officer

Frequently asked questions

Still have questions?

If you can’t find the answer in our dedicated FAQs, please contact us on:

Our journey to GIG Gulf

Agreement signing
The AXA Group entered into an agreement with Gulf Insurance Group (GIG) to acquire AXA's operations in the Gulf region.
November 2020
Approval
from the CBB
Formal approval received from the Commercial Bank of Bahrain (CBB) and notification provided to the branch regulator.
March 2021
Held EGM
Extraordinary General meeting (EGM) held between shareholders and executives to approve the transaction.
July 2021
Transaction
completion
GIG Group formally closed the transaction to acquire AXA's operations in the Gulf region. The only fundamental change is that AXA Gulf will be renamed GIG Gulf.
September 2021

Proven financial strength

GROSS REVENUE
$ 1.5 Billion
+13% increase over the previous year
NET PROFIT
$ 54 Million
+22% increase over the previous year
SHAREHOLDERS EQUITY
$ 368 Million
+8% increase over the previous year
*Based on financial year 2020