Financial solutions provider swissglobal has announced the acquisition of insurance solutions provider Premium Insurance. The acquisition furthers swissglobal’s momentum as the brand accelerates its footprint in regional markets across the Middle East.
Premium Insurance has served a roster of international clients through its UAE base to deliver a portfolio of life, medical and general insurance products, and has a proven track record in the local market.
swissglobal’s acquisition of Premium Insurance entrenches the brand’s foothold in the GCC market as it expands out of its European base to bring Swiss-standard financial service provision to markets around the world. swissglobal is focused on human capital acquisition and development to grow its operations, but is also bolstering organic growth with judicious acquisitions with like-minded local brands demonstrating a track record of excellence.
swissglobal’s mix of organic growth and acquisition activity proves a great mix for GCC markets asking for a higher quality of financial service provider that can bring transparency, strategic planning, market insight and economic cycle knowledge to the mix. swissglobal is set apart by its high standards boosted by transparency, and global teams that design bespoke investment and tailored savings solutions based on preferences and market insight.
“swissglobal has entered GCC and Middle Eastern markets with the mission to elevate financial solution provision. We are seeing exponentially rising demand for world-class, Swiss-standard services where our clients are asking for trusted advisers that understand global markets but also their specific goals. We chart strategies that rely on mutual buy-in and transparently declared goals that we work towards together with our clients. Premium’s clients can look forward to even higher standards of service and a far larger global portfolio of services and propositions” said Mike Coady, Group Managing Director for the Swiss Global Group.
swissglobal remains in potential acquisition talks with a number of potential GCC firms. The Group is also exploring Merger & Acquisition opportunities in Europe the Middle East and Southeast Asia.