Saturday, December 11, 2010

Nexus Sees Insurance Business Grow by 35% In 2010; Bahrain AGM Hears how Gulf’s Largest Independent Insurance Brokerage is looking to Further Growth across all Business in 2011

Manama, Bahrain - Nexus, the region’s largest independent insurance brokerage, has seen an average 35 percent year-on-year growth in life, savings and general insurance sales to date in 2010, proving that the mind-set of people in the region is becoming more responsive to saving and the need to insure their assets.

The impressive growth in the life and savings business was 33 percent year to date – complemented by a 42 percent growth in general insurance (GI) business, according to figures presented at the Annual General Meeting in Bahrain on December 9.

Deputy CEO of Nexus, Tarun Khanna, said: “Nexus is striding forward after a demanding 2009 when many companies succumbed to the credit crisis. We have seen strong growth in 2010 across all our businesses and I am very excited about 2011 which I anticipate is going to be a great year for Nexus.”

“We are more prepared, more knowledgeable, we have a greater talent base, and we are investing more than ever in training for our people; all of which will enhance the services we offer our clients,” he added.       

“The general insurance side of the business is up and proving very strong. We now have 310 financial consultants working across the GCC and 20 plus of the world’s top insurance providers on board, and we are looking to increase our presence within the GCC in the next few years,” Khanna told AGM delegates.      

In July Nexus was presented with the prestigious “Best Takaful Brokerage” award at the International Takaful Summit in London in global recognition of its professional service to clients requiring Sharia compliant products.

“Nexus is a very responsive and ethical organisation that cares about giving quality advice to all its clients. Winning the Takaful award is recognition that as a company we are ready, and able, to embrace all forms of financial and insurance services to provide our clients with exactly what they want, to fulfil their individual needs,” commented Khanna.
The AGM saw the launch of a new Platinum Club for the top twenty financial consultants within Nexus. These twenty top consultants became the founding members of the club in recognition of their outstanding professional performance. Nexus has offices in Dubai, Abu Dhabi, Doha, Bahrain and has plans for future expansion across the region in the coming year.

 About Nexus Group of Companies

Nexus is an exciting force in professional financial services. Our unique approach will help you and your family to accumulate and protect your wealth today and tomorrow.

At Nexus, our expertise and independence mean we are perfectly positioned to deliver the first-class service you deserve. As qualified professionals in wealth accumulation and protection, we are a company you can trust to understand your unique financial situation.

No comments: