Al Nisr Al Arabi Insurance Company celebrates its 35th anniversary

Press release
Published May 22nd, 2011 - 12:27 GMT

Al Nisr Al Arabi offers comprehensive insurance services including the full range of life, savings, and medical insurances
Al Nisr Al Arabi offers comprehensive insurance services including the full range of life, savings, and medical insurances

Al Nisr Al Arabi Insurance Company celebrated its 35th Anniversary on the 10th of this month. Al Nisr Al Arabi is one of the leading companies in the insurance sector with extensive experience accumulated since its inception in 1976 by by Societe Nationale D’Assurances, now known as Allianz-SNA.

Al Nisr Al Arabi offers comprehensive insurance services including the full range of Life, Savings, Medical, Marine, and Motor, Fire, Engineering, Liability and General Accidents insurances.

Stemming from its constant pursuit of excellence, the company signed a strategic partnership agreement with Arab Bank in 2006 through which the bank acquired a majority stake in Al-Nisr. This agreement was considered to be a strategic shift that kicked-off a large-scale collaboration between the Arab Bank and Allianz-SNA, energizing the Bancassurance operations in Jordan with highest levels of growth and profitability.

General Manager of Al Nisr Al Arabi, Yacoub Sabella, said "We are proud to be celebrating this important institutional milestone since it reflects 35 years of achievements and growth. We have worked consistently throughout the years to introduce advanced products and services and achieve the highest standards of the industry" concluded Mr. Sabella.

Background Information

Al Nisr Al Arabi Insurance Company

Al-Nisr Al Arabi Insurance Company was founded in 1976 by Societe Nationale D’Assurances (now Allianz-SNA) and is one of the leading insurance companies in Jordan with business activities that include the full range of Life, Medical, Marine, Motor, Fire, Engineering, Liability and General Accidents insurances. May 2006 witnessed a major step for Al-Nisr Al-Arabi through a Strategic Partnership with the Arab Bank, whereby the bank acquired a majority stake in Al-Nisr.

Consequently, the new partnership created between the Allianz Group and the Arab bank through Al-Nisr Al- Arabi is a major initiative that includes the launching of a full Bancassurance operation in Jordan, and which promises to propel the company into a higher level of growth and profitability.

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