(Hong Kong, November 28, 2016) Pacific Prime, a leading global insurance advisor, is proud to announce a new strategic partnership with Protection Insurance Services, a leading insurance and reinsurance broking firm headquartered in Bahrain. This agreement will see both companies extend their operations within the Gulf Cooperation Council (GCC) countries and in other regions across the globe.
Providing mutual benefits to both parties, this exclusive partnership, finalized on November 17, 2016, now enables Pacific Prime to provide their services in the territories covered by Protection Insurance Service’s licence, and vice versa. For Pacific Prime, this means that they can now write business in KSA, Bahrain, Qatar and Kuwait, markets that they were not licensed to quote for business in, up until now.
“In partnership with Protection Insurance Services, Pacific Prime will expand its footprint across the GCC. We look forward to a long and fruitful relationship between the two companies” said Maria Loughran, Corporate Account Manager at Pacific Prime’s Abu Dhabi division, Medstar Insurance Brokers LLC. “Protection Insurance Services is a client centric brokerage, and as such, make for an ideal partner for our business. The values and ethical behavior of both brokerages align perfectly and both companies operate with the core value that; The client is at the heart of everything that we do.”
Protection Insurance Services has over 20 years of significant expertise in a comprehensive range of marine and non-marine insurance broking, consulting and claims-handling services, and as such, Pacific Prime sees this partnership as a unique opportunity to acquire deep insights into the industries that they operate in.
CEO of Protection Insurance Services, Samy Aziz, commented: “We at Protection Insurance Services are very excited about this partnership with Pacific Prime Middle East as it will strengthen relationships with our clients and insurance companies. We’re thrilled to be Pacific Prime’s partner while building upon our extensive experience, and bringing that robust expertise into the Employee Benefits insurance market.”
About Pacific Prime
Headquartered in Hong Kong, Pacific Prime International Limited is a leading international health insurance advisor that leverages its close relationships with over 60 leading insurance companies to provide the best value insurance services and products to individuals and corporations. With offices strategically located in China, Hong Kong, Singapore, and the UAE, Pacific Prime principally offers advice on international health insurance, business insurance and life insurance. For more information, visit: https://www.pacificprime.com/
About Protection Insurance Services W.L.L
Founded in 1996, Protection Insurance Services W.L.L is a leading insurance and reinsurance broking firm with sound reputation among the insurance community in the Kingdom of Bahrain. The company provides international specialized insurance, reinsurance services (including takaful and retakaful), and advisory services across the region of MENA, parts of Africa, the Indian Subcontinent and Asia. For more information, visit: http://www.protectionre.com/index.html