National General Insurance Co. (NGi) opens new Branch Office in Sharjah |
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Dubai 18th July 2006
UAE's National General Insurance Company (NGi) opened its first Branch outside the Emirate of Dubai on 17th of July 2006.
The Chairman of NGi and CEO of Dubai Investments Mr. Khalid Kalban, during the inaugural session commented, "We are committed to provide an excellent quality services to all our customers and opening of this branch in Sharjah truly reflects our resolve and growth plan. We continue to expand and strengthen our distribution network and will open another branch in Abu Dhabi very soon. He added, "NGi's Sharjah branch gives greater accessibility to buyers of Insurance who are based in Sharjah and Northern Emirates. We are confident that NGi will attract more business and benefit from tremendous growth opportunity" The Chairman also thanked the Government of Sharjah and officials for extending all support to NGi.
Dr. Abdul Zahra A. Ali, General Manager of NGi explained that NGi already has a growing list of policyholders based in Sharjah and the neighboring Northern Emirates and it is fast expanding. He said, "Sharjah is becoming an important market for selling Personal Line business, notably Individual Life Insurance and with this in mind, we are in the process of recruiting 50 life Insurance agents. Infact, we have already recruited and trained the key staff and a structure is already in place." He further added, "NGi will capture the growth opportunities and will sell all its varieties of products such as Property, Casualty, Engineering, other general and accident classes of risks, Medical (HealthNet), Credit Risks insurance, Group Life and Individual Life Insurance products."
Dr. Ali also emphasized the prominence that NGi is drawing from International Insurance industry and in this respect gave the example of NGi's partnership with UK's largest Insurance - Aviva Limited and Coface, the latter being one amongst the top three B2B trade facilitator in the world.
Head quartered in City of Dubai, the Financial and Business capital for the region, NGi is a growing National Insurer and an Associate member of the Emirates Bank Group. The other key shareholders are Commercial Bank of Dubai and Dubai Investments. NGi is publicly quoted and listed in the Dubai Stock Exchange and has enjoyed outstanding growth, having built its business on a reputation of excellence and trust. The Company is rated by Standard & Poors with BBB Stable Outlook.
-Ends-
© Press Release 2006
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