Chicago-based insurance broker Aon Corp.'s London office said the firm has been awarded a license by the Saudi Arabian Monetary Authority (SAMA) in accordance with the provisions of the Kingdom's Insurance Law 2004.
Aon said it has served clients in Saudi Arabia since 1979 and has three offices in the Kingdom based in Al Khober, Jeddah and Riyadh, employing 58 staff.
In Saudi Arabia, the largest market economy in the Middle East, Aon noted that the insurance sector is driven by a $624 billion investment program that includes $80 billion worth of projects to expand oil capacity and the creation of six new economic cities designed to attract industry and create approximately one million jobs.
Recommended For You
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.
