Strategic partnership between MIG and Gallagher

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partnershipMIG Holding, a regional insurance investment group, and Gallagher, a leading insurance broking and risk management firm, signed a strategic partnership to strengthen their presence in the MENA region.

The agreement allows Gallagher to acquire a 30% stake in ACE, a subsidiary owned by MIG. MIG thus retains a 70% stake.

The transaction is yet to be approved by the regulatory authorities.

ACE is a specialist insurance broker operating in Saudi Arabia, Bahrain, UAE, Oman, Kuwait, Lebanon and Greece.

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Tue, 27/04/2021 - 12:10
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