Broker UIB expands in North Africa with Royal Air Maroc win
UIB has been appointed as sole and exclusive insurance broker for the renewal of the comprehensive package of insurances to Moroccan flag carrier Royal Air Maroc.
The win, which follows a rigorous tender process, increases UIB’s presence in North Africa and further signals its intent to expand in the wider African region, both in aviation and other commercial lines of business.
UIB claims that the Royal Air Maroc appointment, together with its existing regional client base which includes Air Algerie, means UIB now has a "significant share of the North African airline market."
Royal Air Maroc has a fleet of 71 aircraft with a value of $1.5bn and its routes cover the U.S, Europe and the Middle East. JLT were the previous appointed broker and UIB secured the business in a tender process, ahead of Marsh and Willis.
UIB Aviation divisional director Francesco Alessi said: “We are delighted to have been selected by Royal Air Maroc, which, as a national flag-carrying airline, is certainly a prestigious account to win. It is also strategically significant: winning such a well-regarded and high-profile client will benefit UIB’s ongoing African expansion effort and we look confidently forward to further growth in the African continent.”