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Dec 2014 Partner Re is launching a new unit called Wholesale Partner Re, specialized in the marketing of policies for SMEs. Partner Re Wholesale expects a strong growth in sales in the Gulf, the area which now accounts for 3% of its turnover compared to the expected 10% in 2015.
The new entity will be operating through a network of general agents, brokers and insurers. Partner Re has two partners in the Gulf to which it has granted underwriting powers. Wholesale Partner Re plans to expand its network in the near future to 20 global partners.