In a strategic move aimed at strengthening its position as a leading provider of insurance and reinsurance solutions in the MENA Region, ELAM Insurance Group – Insurance & Reinsurance Solutions has announced its expansion in Cyprus.
The establishment of SAYA Reinsurance Brokers LTD (SAYA RE) marks an important step in the company’s growth, further highlighting its commitment to delivering the best B2B services.
SAYA RE’s newly appointed Managing Partner/CEO, Maroun Al Rassi, brings a wealth of experience to the role.
With a focus on specialized reinsurance brokerage, SAYA RE primarily supports group captives and partners dealing with specific and complex Classes of Businesses, including but not limited to Jewelry/Fine Art, Financial Lines, Yachts, Cargo, High-Value Vehicles, and Medical. Insurance for expatriates.
The company aims to provide extensive reinsurance capacities and leading claims services in various business lines.
This approach is designed to empower partners to improve their portfolios and strengthen their businesses in the ever-evolving insurance landscape, the company said.