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Allied Arab Assurance Brokerage (AAA) succeeded in signing cooperation agreement with Arthur J. Gallagher insurance brokerage company to become its local agent in the Egyptian market, Managing Director Hazem Dawood revealed.
The total value of insurance premiums which attained by AAA hit around EGP21 million within 2013, move up by 60% growth rate, targeting to boost it to EGP100 million by 2016-end.
This agreement will help AAA to expand in the market through the international companies which open branches in Egypt.
Arthur J. Gallagher is considered to be the first brokerage globally in energy and petroleum fields as well as it is one of the major 10 companies across republic.
