Compagnie Libanaise d'Assurances S.A.L renamed Zurich Insurance Middle East S.A.L
- Lebanon: Monday, August 15 - 2011 at 11:50
- PRESS RELEASE
Zurich has announced that the UAE Insurance Authority in the UAE has approved their application to change the name of its recently acquired subsidiary Compagnie Libanaise d'Assurances S.A.L (CLA). The legal entity in the UAE will be known as Zurich Insurance Middle East S.A.L with immediate effect and Zurich is also seeking approval from the local regulators in Oman, Lebanon and Kuwait to allow its branches in those countries to operate under the same name.
Michael Mansour, General Manager for Zurich in the UAE, said: "This is an exciting time for the insurance sector in the UAE as the market continues to grow and mature. With our expansion into personal, small business and middle market segments, we are looking to combine our international reputation for high quality service with a range of innovative new products that cater to the diverse needs of our customers".
Zurich completed its acquisition of CLA in December of 2010. It continues to accelerate the expansion of its operations in the Middle East by providing market leading products to Personal and Commercial customers in these important markets, complementing its existing General Insurance presence in Bahrain and the Dubai International Financial Centre.
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