Seventeen foreign reinsurance brokers have been authorized to operate on the Algerian market, under an order from the Ministry of Finance published on the Journal officiel (JO) n 81.
This ministerial decree, signed on September 14 by the Minister of Finance, Laziz Faid, approves the authorization to operate on the Algerian insurance market, issued by the Insurance Supervision Commission to foreign reinsurance brokers, for the participation in reinsurance treaties or assignments of approved insurance and/or reinsurance companies and branches of foreign insurance companies approved in Algeria.
These are Guy Carpenter & Company Limited, Willis Limited, Miller Insurance Services LLP, JB Boda Reinsurance Brokers Private Limited, Chedid Europe Reinsurance Brokers Limited, Groupe Med Reinsurance Brokers Limited and Afro-Asian Insurance Services LTD, specifies the same source.
Foreign brokers Lockton (Mena) Limited, Atlas Reinsurance Consultants (ARC) SA, Nasco Karaoglan France SA, Aon UK Limited, United Insurance Brokers Limited (UIB), Al Wasl Insurance Brokers Limited, Cabinet d’Assurance et de Réassurance Labidi & CIE , Apex Insurance & Reinsurance Brokers and Consultancy, Marsh Limited and Tysers Insurance Brokers Limited, have also been authorized to operate in Algeria, it is added in the order.
2023-12-25 18:00:35
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