| 06 Jan 2009 |
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Al Alamiya receives Royal Decree
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Riyadh - The Saudi Council of Ministers headed by King Abdullah Bin Abdul-Aziz, the Custodian of the Two Holy Mosques, has announced the issuance of the Royal Decree that grants approval to Al Alamiya to operate as a licensed insurance company in the Kingdom of Saudi Arabia.
Al Alamiya has over 30 years experience in providing insurance solutions to clients in Saudi Arabia. This longevity, coupled with the International expertise and knowledge garnered through the RSA Group, has enabled Al Alamiya to work in partnership with our customers and bring both international and local underwriting and claims expertise.
Mark Cooper, Chief Executive Officer, Al Alamiya, said, "The issue of the Royal Decree is a significant milestone for Al Alamiya in Saudi Arabia. On behalf of Al Alamiya I extend my deep thanks and sincere appreciation to the Government of the Kingdom of Saudi Arabia."
Cooper continued, "We would also like to thank all our clients, providers and partners for making this important stage in our business development possible. In return for their faith and unwavering belief in us, we commit to provide them with the best customer service at all time. Our further commitment to Saudi Arabia is confirmed by our clear intent to continue our drive towards Saudisation making the national workforce a key component of our business."
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About RSA
RSA is one of the world's leading insurance groups, with the capability to write business in over 130 countries and with major operations in the UK, Scandinavia, Canada, Asia, Middle East and Latin America. Focusing on general insurance, it has around 22,000 employeesworldwide.
In KSA, Al Alamiya is equipped with a portfolio of strong commercial lines and personal lines products. Al Alamiya offers commercial lines insurance including property all risks, marine insurance, contractors & erection all risks insurance, etc and personal lines insurance including motor insurance, medical insurance and HOG insurance.
The company brings together as its shareholders the Royal & SunAlliance Middle East Ltd., three prominent Saudi families and one of the Kingdom's leading banks- Riyad Bank. As a top five international insurance company in the kingdom, our major strength over the years has been our reputation for quality, integrity and professionalism. Many of our high profile Saudi customers have been with Al Alamiya since its inception in 1976 and the business has provided itself to be a good role model of international expertise and local shareholder strength.
In Asia & Middle East, RSA has its regional headquarters in Dubai with operations in 8 countries - China, India, Hong Kong, Singapore, UAE, Oman, Saudi Arabia and Bahrain. In the Middle East, RSA has had five decades of successful operation. In 2007 and in 2008, RSA were awarded the 'Middle East General Insurer of the Year' title by POLICY magazine.
For further information please contact:
Chris Evans
Deputy General Manager KSA,
Hill & Knowlton
Tel:+966 1 288 6734 or
email: chris.evans@hillandknowlton.com
Vidya Veerapandian
Marketing and Communications Manager KSA & Bahrain
RSA Group
Tel:+973 1758 1661 extn 510
email: vidya.v@bh.rsagroup.com
© Press Release 2009
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