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MIG agrees strategic partnership with Gallagher DUBAI, 11 days ago MIG Holding, a leading 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, United Arab Emirates, Oman, Kuwait, Lebanon and Greece. Subject to the necessary regulatory approvals, Gallagher will take a 30% interest in ACE and MIG Group will retain a 70% interest. ....
Saudi Arabia's ACE partners with US-based Gallagher arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
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. ....
Share this article Share this article ROLLING MEADOWS, Ill., April 19, 2021 /PRNewswire/ Arthur J. Gallagher & Co. (NYSE: AJG) today announced that it has agreed to a strategic partnership with MIG Holding Ltd (MIG Group), which will see the company take a minority interest in Middle East & North Africa (MENA) specialist insurance broker ACE. Subject to the necessary regulatory approvals, Gallagher will take a 30% minority interest in the ACE entities and MIG Group will retain a 70% interest. With a history dating back to 1952, ACE is an insurance, reinsurance and employee benefits broker with operations in seven countries and particular expertise in aviation, real estate, construction, oil & gas, financial lines and property risks. Under the direction of President and CEO of MIG Group, Nagib Bahous, ACE s team of over 240 employees operate from offices across Saudi Arabia, as well as in Kuwait, the United Arab Emirates, Bahrain, Oman, Greece and Lebanon. ....