Arab Commercial Enterprises, based in Riyadh, Saudi Arabia, and Jardine Lloyd Thompson in London announced that the two insurance brokerages have agreed to establish a joint-venture company in Saudi Arabia to support an exclusive trading agreement in that country.
The two firms said the arrangement underscores their commitment to seek to align their interests, wherever possible, throughout the Arab world.
JLT International Chairman Mark Drummond-Brady commented, "JLT could not have wished for a better partner for developing our distribution into Saudi Arabia and to work with to expand and consolidate our JLT Network throughout this dynamic region."
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