Nexus Financial Services' Bahrain expansion picks up pace
- Bahrain: Sunday, December 30 - 2012 at 10:58
- PRESS RELEASE
Nexus Financial Services, the Bahrain arm of one of the GCC's largest independent insurance brokers, is moving to larger offices in the Seef District to accommodate market expansion plans and an on-going recruitment drive.
Able to tap into Nexus Group's more than two decade experience across the GCC, the company offers consumers and business of every stripe a wide range of cover and products from Bahraini, regional and international insurance providers.
"Bahrain is a significant market for Nexus, and we are delighted that our expansion and influence continues to spread," said Emanuel Lantzos, General Manager, Nexus Financial Services. "We are moving our new offices to better service our customers, and to continue recruiting the best possible employees, including a particular focus on identifying and training talented Bahraini nationals."
Earlier this year, Nexus Financial Services announced that it was stepping up its recruitment of Bahraini talent to boost the local financial services sector, as well as extend a suite of much-needed insurance-based investment products such as retirement funding and education fee planning across the kingdom.
The move is set to give Bahrainis better choice, as the current trend is to seek advice from banks and stand-alone insurance providers that often sell solutions that are not always tailored to individual needs.
Nexus Group is the largest and one of the most respected independent financial firms of its kind in the GCC region.
Following more than five years of consistent double-digit growth, the company recently announced at its AGM that it expects 2013 revenue to jump by an average of 25% across its core businesses - life, investment, pension, and general insurance.
Earlier this year, Nexus announced plans to enter the competitive and highly-regulated Saudi and Kuwaiti markets. The company currently operates offices in Abu Dhabi, Beirut, Doha, Dubai, and Manama.
In October, Nexus Insurance Brokers scooped the coveted Personal Lines Insurance Broker of the Year title at the 2012 Insurex Awards. The company has now won the award four times in the past six years.
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