AAIB launches risk management service
Amman, January 23, 2010
AAIB, the specialist insurance brokers focused on emerging markets and the Middle East, said it has signed an exclusive agreement with The Millbrook Partnership to deliver specialist risk management service in the region.
London-based The Millbrook Partnership is a risk management and communication advisory firm, created to support clients in the management of critical issues. It operates internationally and specialises in high risk environments.
The AAIB package being offered to clients in the Middle East, Afghanistan and Pakistan, will include kidnap and ransom and crisis response services, said a top official.
The AAIB clients will benefit from Millbrook specialist skills and regional experience in high risk situations, said William Wakeham, AAIB founder and managing director.
'This is an important development for AAIB. By securing Millbrook’s services, we believe we are able to deliver the best-in-class advisory skills as our clients seek to mitigate risk and react to an event.'
'We have been deeply impressed by Millbrook’s approach and professionalism in this arena and their inclusion on our policies gives us enhanced confidence when delivering insurance products to our clients,' he remarked.
The Millbrook crisis response team employs professionals with outstanding track records in the military, crisis management, media and psychology.
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, AAIB has expanded across the region including fully registered offices in Erbil in 2008 and Baghdad 2009 under the locally registered name Al Fajer Insurance and Reinsurance Brokers.
Andrew Farquhar, who leads Millbrook’s risk management and crisis response team, expressed delight in working with AAIB, which has grown impressively in the region over the last five years.
“We were attracted by AAIB’s focus and local approach, particularly in Iraq, which is an increasingly important country as it stabilizes and develops. We look forward to supporting AAIB’s clients who are active in the region,” he added.-TradeArabia News Service