Announced
Financials
Tags
Acquisition
Insurance Brokers
Private
digital insurance broker
insurance brokerage services
Majority
Oman
Friendly
United Arab Emirates
Bahrain
Cross Border
Single Bidder
Qatar
Pending
Synopsis
Gulf Insurance Group, an insurance brokerage firm, agreed to acquire Gulf business of insurers AXA and YBA Kanoo for $475m. "This transaction marks another step in AXA’s continued simplification journey. We are convinced that AXA’s operations in the Gulf region will benefit from GIG’s leadership and scale in the region, to further pursue their focus on delivering growth and excellent customer service. I would like to thank the management teams and all the employees of our operations in the Gulf region for their continuous contribution and engagement over the years, and wish them all the success for the future," Thomas Buberl, AXA CEO.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.