WTW announces Kingdom of Saudi Arabia (K.S.A.) expansion with appointment of new Head of Insurance Broking
WTW (NASDAQ: WTW) has secured an insurance broker license in the Kingdom of Saudi Arabia (K.S.A.) and appointed Talal Omar Bahafi as Head of Insurance Broking for WTW Saudi Arabia. Bahafi, former CEO of Chubb Arabia Insurance Company and ex-Marsh McLennan executive, brings extensive experience in strategic growth and market development. This expansion aligns with WTW's global growth strategy and Saudi Arabia's Vision 2030 objectives, strengthening the company's international network and capabilities to serve clients in the region.
WTW (NASDAQ: WTW) ha ottenuto una licenza di broker assicurativo nel Regno dell'Arabia Saudita (K.S.A.) e ha nominato Talal Omar Bahafi come Responsabile del Broking Assicurativo per WTW Arabia Saudita. Bahafi, ex CEO di Chubb Arabia Insurance Company ed ex dirigente di Marsh McLennan, porta con sé un'ampia esperienza nella crescita strategica e nello sviluppo del mercato. Questa espansione è in linea con la strategia globale di crescita di WTW e con gli obiettivi della Vision 2030 dell'Arabia Saudita, rafforzando la rete internazionale e le capacità dell'azienda per servire i clienti nella regione.
WTW (NASDAQ: WTW) ha conseguido una licencia de corredor de seguros en el Reino de Arabia Saudita (K.S.A.) y ha nombrado a Talal Omar Bahafi como Jefe de Corretaje de Seguros para WTW Arabia Saudita. Bahafi, ex CEO de Chubb Arabia Insurance Company y ex ejecutivo de Marsh McLennan, aporta una amplia experiencia en crecimiento estratégico y desarrollo de mercado. Esta expansión se alinea con la estrategia de crecimiento global de WTW y los objetivos de la Visión 2030 de Arabia Saudita, fortaleciendo la red internacional y las capacidades de la empresa para atender a los clientes en la región.
WTW (NASDAQ: WTW)는 사우디아라비아 왕국 (K.S.A.)에서 보험 중개인 라이선스를 확보하고 탈랄 오마르 바하피를 WTW 사우디아라비아의 보험 중개 책임자로 임명했습니다. 바하피는 Chubb Arabia Insurance Company의 전 CEO이자 Marsh McLennan의 전 임원으로, 전략적 성장과 시장 개발에 대한 폭넓은 경험을 가지고 있습니다. 이번 확장은 WTW의 글로벌 성장 전략 및 사우디아라비아의 비전 2030 목표와 일치하며, 이 지역의 고객을 지원하기 위한 회사의 국제 네트워크와 역량을 강화합니다.
WTW (NASDAQ: WTW) a obtenu une licence de courtier d'assurance dans le Royaume d'Arabie Saoudite (K.S.A.) et a nommé Talal Omar Bahafi comme Responsable du Courtage d'Assurances pour WTW Arabie Saoudite. Bahafi, ancien CEO de Chubb Arabia Insurance Company et ancien dirigeant de Marsh McLennan, apporte une vaste expérience en croissance stratégique et en développement de marché. Cette expansion s'inscrit dans la stratégie de croissance mondiale de WTW et dans les objectifs de la Vision 2030 de l'Arabie Saoudite, renforçant le réseau international et les capacités de l'entreprise pour servir les clients dans la région.
WTW (NASDAQ: WTW) hat eine Lizenz als Versicherungsmakler im Königreich Saudi-Arabien (K.S.A.) erhalten und Talal Omar Bahafi zum Leiter der Versicherungsbroking-Aktivitäten für WTW Saudi-Arabien ernannt. Bahafi, ehemaliger CEO der Chubb Arabia Insurance Company und ehemaliger Führungskraft bei Marsh McLennan, bringt umfangreiche Erfahrung in strategischem Wachstum und Marktentwicklung mit. Diese Expansion steht im Einklang mit der globalen Wachstumsstrategie von WTW und den Zielen der Vision 2030 Saudi-Arabiens, wodurch das internationale Netzwerk und die Fähigkeiten des Unternehmens zur Betreuung von Kunden in der Region gestärkt werden.
- Secured new insurance broker license in Saudi Arabia, expanding market presence
- Strategic hire of experienced executive with regional expertise
- Entry into growing Saudi Arabian market aligned with Vision 2030
- None.
LONDON, Oct. 28, 2024 (GLOBE NEWSWIRE) -- WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced it has secured an insurance licence to act as an insurance broker in the Kingdom of Saudi Arabia (K.S.A).
Talal Omar Bahafi has been appointed as the new Head of Insurance Broking, WTW Saudi Arabia, based in the Kingdom of Saudi Arabia. Previously Chief Executive Officer at Chubb Arabia Insurance Company, Bahafi has extensive experience of building a forward-thinking, and performance-oriented culture, driving strategic growth across the region. Prior to Chubb, Bahafi also worked at Marsh McLennan where he was responsible for delivering overall market strategy for the Kingdom.
Pamela Thomson-Hall, Head of International, said, “At WTW we are committed to supporting our clients across the globe. Securing our insurance broker licence for the Kingdom of Saudi Arabia further strengthens our leading global network. We are delighted to have Talal on board to drive growth opportunities in this exciting market. Today’s announcement is a continuation of our growth strategy to bring global insights to clients around the world through our teams of deep specialists.”
Eleni Lykoudi, Head of CEEMΕA, added, “This is a significant development in WTW’s ambitions for growth in this region. We are delighted to have Talal in place to support our clients’ needs across the region.”
Talal Omar Bahafi said, “I am delighted to be joining and leading WTW in the Kingdom at such an exciting time as it moves towards achieving its Vision 2030* goals and objectives. I look forward to driving growth, supporting our clients, and contributing to the development of innovative solutions that align with the Vision 2030 objectives. Together, we will continue to deliver exceptional value to our clients and build upon WTW’s reputation for excellence.”
About WTW
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance.
Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.
* https://www.vision2030.gov.sa/en
Media Contacts
Sarah Booker
Sarah.booker@wtwco.com / +44 (0)7917 722040
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