Allianz Lebanon celebrates a new milestone in the Company’s history

Allianz Lebanon celebrates a new milestone in the Company’s history. On this occasion, a press conference was held in their headquarters in Hazmieh, in the presence of the media representatives, the Board of Directors, the Management and the senior partners of Allianz Lebanon during which the following topics were discussed:

  • How the Company is overcoming the financial crisis;
  • The new insurance solutions offered to customers;
  • The status of Beirut Port Explosion claims,
  • The new brand of Allianz Lebanon showing a positive spirit and confidence in tomorrow.

The ceremony started with a message from Mr. Christopher Townsend (Member of the Allianz SE Board of Management and responsible for Global Insurance Lines & Anglo Markets, Reinsurance, Middle East and Africa) who confirmed the commitment of the Allianz group to the region and to Lebanon: “We are committed to the country and have supported our operating entity to recover”.

Mr. Antoine Issa Chairman and MENA CEO of Allianz in Lebanon welcomed the invitees and went through the Company’s history and proudly announced that: “Today after 57 years, our name becomes Allianz, the No.1 insurance brand worldwide and the leading global financial services provider”.

He also confirmed the importance of having the back up of Allianz Group to overcome the recent challenges in Lebanon by being the first Company to recapitalize, to launch new adapted solutions and the first Company to pay the Beirut Port Explosion claims without waiting for the outcome of the investigation.

Mr. Bassem Assi, General Manager of Allianz Lebanon, shared with the attendees the detailed actions taken by the Company starting with the launching of new solutions addressing the clients’ needs in a volatile economic environment, the settlement of 97% of the Company’s Beirut Port Explosion Claims representing 1500 claims and resulting to the clients ranking Allianz Lebanon as Loyalty Leader in Life and Non Life.

Finally, Mr. Henry Obegi, Obegi group CEO and grandson of Late Jean Chidiac founder of SNA, provided his external view on the Company’s latest development. He affirmed that “If Jean was with us today, he would have been proud to see what SNA has become – and to see that SNA, now Allianz Lebanon, continues to lead with professionalism, ethics and courage.”

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