Pacific Prime enters into strategic partnership to expand in GCC

Insurance broker Pacific Prime has partnered with Protection Insurance Services (PIS), a Bahrain-based re/insurance broker, to expand their combined presence in the GCC (Gulf Cooperation Council) region and worldwide.

The mutually beneficial partnership will enable both the companies to provide their services in territories covered by the other.

This means that Hong Kong-headquartered Pacific Prime will now be able write business in Kingdom of Saudi Arabia, Bahrain, Qatar and Kuwait markets where they were not licensed to quote for business in until now.

"In partnership with Protection Insurance Services, Pacific Prime will expand its footprint across the GCC. We look forward to a long and fruitful relationship between the two companies," said Maria Loughran, corporate account manager at Pacific Prime's Abu Dhabi division, Medstar Insurance Brokers.

"Protection Insurance Services is a client centric brokerage, and as such, make for an ideal partner for our business. The values and ethical behaviour of both brokerages align perfectly and both companies operate with the core value that - the client is at the heart of everything that we do."

Samy Aziz, CEO of PIS, added: "We at Protection Insurance Services are very excited about this partnership with Pacific Prime Middle East as it will strengthen relationships with our clients and insurance companies. We're thrilled to be Pacific Prime's partner while building upon our extensive experience, and bringing that robust expertise into the employee benefits insurance market."