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Strategic partnership between MIG and Gallagher

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Magazine Issue: 
Insurers, up against web giants [3]
Magazine date: 
Apr 2021

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 [4].

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.

Tue, 27/04/2021 - 12:10

Source URL: https://www.atlas-mag.net/en/article/strategic-partnership-between-mig-and-gallagher

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[3] https://www.atlas-mag.net/en/issue/insurers-facing-the-giants-of-the-net
[4] https://www.atlas-mag.net/en/article/mena-insurance-market-in-2019-turnover-by-country