Division to Drive Business in this Sector
Dubai, United Arab Emirates
Nexus, one of the region’s largest independent insurance brokers, has appointed Ian
Walton as its Sales Director General Insurance as part of its 2011 plan to drive growth in
the general insurance division of the business, the company announced today.
Walton joins Rumi M Sanjana, who was appointed Director of General Insurance in
January last year, in heading up Nexus’ general insurance division which saw general
insurance increase by 42 percent last year – a trend the company expects to continue in
Prior to joining Nexus, Ian was Advisor on Business Development at Oman Insurance
Company and prior to this role was Managing Director of Colemont Middle East, which
he established in 2005. Overall, he has over 20 years of experience in the region dealing
with entities such as Dubai Holding Drydocks and Dubai Civil Aviation.
“The Nexus group is strategically placed in the region with offices in Dubai, Abu Dhabi,
Qatar and Bahrain with new offices in Lebanon and Kuwait immanent, to capitalise on
last year’s successful growth in general insurance and further develop this side of the
business in 2011,” said Walton.
“We aim to use our existing client base, group connections and our strong relationships
with insurance providers to drive up general insurance sales this year; a strategy that will
be supported by in-house training for our dedicated on-the-ground sales force,” he added.
“I am excited to be welcoming Ian into the Nexus family, and I am confident that his
strong industry track record and leadership skills will ensure the division will grow to
greater heights in the coming years. Ian’s experience means our consultants will enjoy
even stronger support which will in turn enable them to provide the best possible advice
and service to their individual clients,” said Mahmoud Nodjoumi, founder and CEO of
the Nexus Group.
“Nexus has seen general life insurance business grow substantially in the past year
and we expect this to continue in 2011 as more and more people in the region begin to
understand and recognise the importance of personal financial planning in their day to
day lives,” he added.
Gulf countries, in general, still have low overall insurance penetration sitting at around
one percent on average, compared with seven percent globally, according to the most
recent Arab Insurance Market Review.
“Lack of awareness of general insurance products is still a major barrier in the region,
even simple policies, such as cover for household contents, are very low on people’s
agenda. This is something myself and the team will be working towards changing,”
Nexus, which has offices in the UAE, Doha and Bahrain, with two new offices opening
in early 2011, now offers its clients the choice of over 20 insurance and investment
products, many from some of the best Fortune 500 Insurers.
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.