ACE INSURANCE BROKERS BECOMES LICENSED LLOYD’S BROKER

21 I 11 I 2017

(From left to right) Mark Cooper, General Representative Middle East, Lloyd’s; Nagib Bahous, CEO, MIG Holding Ltd; Yolla El-Khoury, Executive Group VP, ACE Group; Vincent Vandendael, CCO, Lloyd’s

Dubai, UAE - Tuesday 21st November, 2017: ACE Insurance Brokers, the leading privately-owned insurance broking organisation in the GCC, is now a fully-licensed broker at the world's leading insurance market, Lloyd’s, which provides specialist insurance services to businesses in over 200 countries.

With 65 years’ operational experience servicing large projects and insurance programmes across the Middle East, ACE Insurance Brokers will leverage its prestigious Lloyd’s Broker registration to maintain and strengthen its commercial position across 16 offices in eight countries.

“With our longstanding GCC experience and established track record in regional markets, becoming Lloyd’s licensed broker extends our avenues for growth and helps cement our long-standing reputation as a leading regional insurance brand,” said Yolla el-Khoury, Executive Group Vice President, ACE Group.

In addition to the prestige and competitive advantages inherent in being a Lloyd’s licensed broker, ACE will also have direct access to a unique pool of underwriters’ expertise across the Lloyd's global marketplace.

"We are pleased to welcome ACE Insurance Brokers as a Lloyd’s registered broker here in the Middle East,” said Mark Cooper, General Representative, Lloyd’s Middle East. “This partnership will ensure that ACE’s clients have access to Lloyd’s specialist, innovative and bespoke risk solutions, and the security of the Lloyd’s market. We very much look forward to developing our relationship further with ACE across the region.”

About ACE Insurance Brokers: The pioneer of the Insurance industry in the Kingdom of Saudi Arabia, ACE has earned the loyalty of its clients and the respect of its peers by continuously delivering on its promises for over 65 years. Today, ACE is a leading insurance and reinsurance broking organisation in the GCC, which is backed by 220 experienced professionals. ACE provides tailor-made solutions and comprehensive claims and risk management services to clients locally through 16 offices in 8 different countries.