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Wednesday, September 26, 2007

Sam Ghosh: Large potential in Middle East region for Insurance services

Bloomberg: Allianz SE, Europe's biggest insurer, named Sam Ghosh chief executive officer for the Middle East region, where the company sees ``growth potential'' for all its businesses.

Ghosh, who is Allianz's country manager in India, will take up the position on Oct. 1 and the regional headquarters will be in Bahrain, the Munich-based company said in an e-mailed statement today.

``We see large potential for profitable growth in the region,'' Ghosh said in the statement. Demand for insurance and financial services is growing in the Middle East, he said.

Note: Indian Insurance brokers and agents who have access to Indian population in the Middle East can make note of the fact.

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