Acquisition of Global Adjusters will trade as Axis International
Axis has announced the acquisition of an interest in specialist Middle Eastern chartered loss adjusters, Global Adjusters.
The business will trade as Axis International - Middle East, further strengthening Axis's global presence - the firm already operates in Europe, North and Latin America, Africa, Asia, Caribbean and Oceania.
Global Adjusters provides specialist adjusting services across the Middle East region. It has a staff total of 30 and operates from bases in the Kingdom of Bahrain, the Sultanate of Oman and Riyadh, Jeddah and Al Khobar in the Kingdom of Saudi Arabia.
The business was founded by Alan Henry in 2005 to provide regional insurers and international reinsurers with adjusting expertise delivered by fully qualified, professional adjusters living and working the Middle East. Alan is chairman and managing director of the business.
Commenting on the importance of the deal to Axis, David Jamison, chairman and chief executive officer, said: "Alan and his team have already established a well respected professional business delivering high quality services across the region. This is an important strategic development for Axis and we aim to grow further.”
Alan Henry, said: "Axis provides us with access to an international adjusting network which will be of great value to our clients in the region. This deal brings together two likeminded and committed service orientated partners. This move will enable us to expand our service offering and position us extremely well to take full advantage of the region's continuing economic growth."