Broker granted a licence to provide broking and advisory services.
Marsh has this week been granted a licence to provide insurance broking and advisory services in Saudi Arabia. This follows approval by the Saudi Arabian Monetary Agency (SAMA).
Robert Makhoul, head of Marsh’s Middle East operations, said: “The Middle East is one of Marsh’s fastest growing regions and Saudi Arabia is a key driver of that growth. Such rapid expansion brings not only opportunities but also greater and more complex risks.”
Marsh will operate in the region through two joint venture companies: Marsh Saudi Arabia Insurance and Reinsurance Brokers and Marsh Insurance Consulting Saudi Arabia.