GBGI Limited GBGI partners with new Georgian insurance company
April 19 2017 - 2:55AM
RNS Non-Regulatory
TIDMGBGI
GBGI Limited
19 April 2017
19 April 2017
GBGI Limited
("GBGI" or the "Group")
GBGI announces partnership with newly-launched Georgian
insurance company
GBGI Limited, trading as Global Benefits Group ("GBG"), a
leading integrated provider of international benefits insurance,
today announces that it has entered into a strategic partnership
with a new Georgia-based insurance company.
JSC Risk Management and Insurance Company, known as Global
Benefits Georgia, entered the Georgian insurance market on March
29(th) 2017, with the objective of penetrating local and regional
corporate insurance sectors both in Georgia and across Central and
Eastern Europe.
The partnership will see Global Benefits Georgia offer the full
suite of international insurance products currently available
through GBG to the local and regional markets. Additionally, it has
developed a full non-life insurance and risk management portfolio
and is the only company in the Georgian market that has a
reinsurance service.
GBGI is a minority shareholder in the newly formed Global
Benefits Georgia with the partnership led by Mr. Alfred Strobel,
Deputy Regional Vice President of GBGI and Ms. Nina Kobakhidze,
General Director of Global Benefits Georgia.
Bob Dubrish, CEO of GBGI, said: "We are tremendously excited
about this new partnership, Global Benefits Georgia, and its
potential for growth in Georgia and across Central and Eastern
Europe. This agreement is a great example of our highly scalable,
flexible distribution capabilities which currently services clients
in over 120 jurisdictions worldwide."
Commenting, Mr Strobel said: "The opportunity to expand our
business not only in Georgia, but also to use Global Benefits
Georgia as a hub for the region, is extremely attractive.
Considering the insurance segment in the region is still maturing,
the potential is huge for new entrants to obtain significant market
share and become an active and successful player."
Ms. Kobakhidze commented: "GBGI Limited is the one of the
largest independent, fully integrated global providers of
international benefits and we are excited to partner with them.
Global Benefits Georgia aims to create opportunities and establish
new standards in the Georgian industry and together with the GBGI
team, we are committed to achieving ambitious results in the
area."
The management team of Global Benefits Georgia is comprised of
highly professional individuals, with multiple years of insurance
and financial sector experience:
-- Nina Kobakhidze, General Director - Ms. Kobakhidze has 15
years of experience in the Georgian and international insurance
market. She was the founder and shareholder of an insurance
brokerage company "Gras Savoye Georgia/Willis Towers Watson
Georgia". She previously worked as Director at Service Agency of
the Ministry of Internal Affairs of Georgia, and later, the Deputy
Head of the Government Administration.
-- Kakhaber Amaghlobeli, Financial Director - Mr. Amaghlobeli
has over 15 years of experience in the financial management
industry, including as Chief Financial Officer at Georgian
Industrial Group.
-- Niko Rizhamadze, Executive Director - Mr. Rizhamadze has 15
years of experience in the insurance market, including as the Chief
Specialist at the State Insurance Supervision Service of
Georgia.
To view a video of the Global Benefits Georgia launch event,
covered by Georgian media, click here.
-ENDS-
About GBGI Limited
GBGI is a leading integrated provider of international benefits
insurance, operating globally across over 120 jurisdictions.
Trading principally as "Global Benefits Group" or "GBG", the Group
distributes and underwrites health, life and disability, and travel
insurance, with a client base that spans multinational
corporations, expatriates, local HNWIs, international schools,
non-profit organisations and international students. GBGI is a
fully integrated insurance group providing services from policy
sales to claims administration and servicing and is committed to
delivering high levels of customer service. GBGI is incorporated in
Guernsey.
On the web: www.gbg.com
For additional information
Mr. Alfred Strobel Ms. Miranda Milke
Global Benefits Group Global Benefits Group
Deputy Regional Vice Marketing & Communications
President, CEE Manager
Alfred.Strobel@gbg.com Miranda.Milke@gbg.com
+43 3000 929 210 +1 949 421 3339
Instinctif Partners
(Financial PR)
Giles Stewart or Lewis
Hill
lewis.hill@instinctif.com
+44 20 7457 2020
This information is provided by RNS
The company news service from the London Stock Exchange
END
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