(MENAFN - Morocco World News) Rabat – Lloyd's Insurance officially inaugurated a new office in Casablanca Finance City–one of the leading financial centers on the African continent– on Tuesday, April 3, after securing trading rights for the North Africa market in September 2017, according to the Lloyd press release.
Lloyd CEO Inga Beale said: 'We are delighted to open our office in Morocco today as we believe that Africa is the next frontier for insurance. At Lloyd's, we are determined to play a vital role in supporting economic growth and developing insurance markets in Africa.'
The company plans to boost Lloyd's market access and 'support capacity building across the continent.'
Lloyd's has appointed Mr Salah El-Kadiri as its General Representative in Casablanca. Salah has 35 years of experience in underwriting, broking, and reinsurance management in North Africa and the Middle East regions, and will promote the accessibility of Lloyd's specialist capacities and expertise to local businesses, brokers, and insurers.
Speaking to the company's expansion plan, Beale added, 'The opening of our Morocco office is a major step in this mutually beneficial journey,'