Howden Broking Group announced today the acquisition of a majority stake in New Generation Insurance Services LLC (NGIS) in Oman. The new entity will be renamed Howden Insurance Brokers LLC.
The business will be lead by Rajiv Arora who joined Howden as CEO of the new company on 15 August 2017. Rajiv has 30 years’ experience in the industry. Prior to nearly a decade with RSA-Al Ahlia, he held various sales and leadership roles with AXA Oman, Norwich Union Bahrain, Heath Lambert, and New India Assurance Company. He will report to Atinc Yilmaz, the recently appointed Regional CEO of Howden Turkey, Middle East and Africa.
David Howden, CEO of Howden and parent company Hyperion, said: “Oman has a rapidly growing insurance market and one to which we can bring a fresh approach for clients by leveraging our existing expertise in the region as well as the wider Group’s access to specialist products and markets in London and internationally.”
“We are delighted to partner with a large professionally managed business conglomerate to enter the sultanate and I am extremely pleased that we have been able to secure Rajiv to lead the team. The depth of both his local and regional experience is hugely important to us as we seek to build a standout local broking business that will bring the best of our international capabilities to our clients.”
To view the Hyperion press release, please see their website.