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Zurich launches insurance business in Dubai
- United Arab Emirates: Tuesday, October 27 - 2009 at 11:19
Zurich, the Swiss insurance giant has launched its general insurance business in Dubai, which will serve as a base for the company to expand in the Gulf and the wider Middle East, Reuters has reported. 'We are looking at various strategies to get licenses in a significant number of other countries, our priority is the Gulf Cooperation Council,' Geoff Riddell, chairman of global corporate and chief executive of Asia-Pacific and Middle East at Zurich, told the news service. 'The highest profile issues would be the Saudi cities and the UAE's nuclear developments, those are only a small part of the whole, the access to capital investments is an accelerating driver for general insurance here,' he said.
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StaffTuesday, October 27 - 2009 at 11:19 UAE local time (GMT+4)
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