MIG Group, Gallagher partner to develop presence in Mena region
Nagib Bahous, president and CEO of MIG Holding
Regional and international insurance pioneers sign agreement to become partners in Ace
MIG Holding (MIG Group), a regional insurance investment group, and Gallagher, one of the world’s largest insurance broking and risk management firms, have agreed a strategic partnership which will see them jointly develop their presence in the Mena region.
The agreement will see MIG Group and Gallagher become strategic partners in the three Ace Saudi entities and in Ace Holding WLL (Ace) which operates in Bahrain, UAE, Oman, Kuwait, Lebanon and Greece. Subject to the necessary regulatory approvals, Gallagher will take a 30 per cent interest in Ace and MIG Group will retain a 70 per cent interest.
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