After going through the Iraqi governmental procedures, AAIB Insurance Brokers has successfully completed the registration of its office in Baghdad on Oct 20, 09 to be the first foreign insurance entity registered and with offices in Baghdad.
AAIB was formed in 2004 to provide high quality insurance solutions in the most challenging areas in the world focusing on Iraq and Afghanistan. Starting from Jordan and aiming to expand in the region, AAIB’s second office, Al Fajer Kurdistan Insurance Brokers was opened in Erbil in 2008. The full registration and opening of the Baghdad office in Oct 2009 is complete under the locally registered name Al Fajer Insurance and Reinsurance Brokers.
William Wakeham AAIB founder and managing director said: “This registration along with a 5 year previous experience in this country will help us offer unique insurance services at competitive prices and terms to meet the needs of the Iraqi market”.
“With a strong and experienced team of UK trained brokers, we know what the international business community expects from their insurance provisions in emerging markets. Our philosophy is to be on the ground with our clients to best understand their needs.” He added.
AAIB Insurance Brokers provides insurance cover for emerging markets, including the Middle East and Africa. They specialise in high risk and non-standard insurance in locations such as Iraq (including Iraqi Kurdistan), Afghanistan, Syria, Sudan and Nigeria.
AAI Insurance Brokers use a different approach to insurance provision for emerging markets. Offering Aviation, Cargo, Casualty and Medical, Construction and Engineering, Kidnap and Ransom, Oil and Gas, Political Risk, Power Energy, Professional and General Liability, Property and War and terrorism through its high experienced team located in the region.