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French Version

A new brand in Lebanon : Allianz SNA

To celebrate their new brand, in Lebanon, Allianz SNA, , Dr. Werner Zedelius, Member of the Board Allianz SE, Mr. Sam Ghosh, Regional CEO Allianz SE, and Mr. Antoine Wakim, Chairman & G.M. SNA, hosted a press conference followed by a cocktail reception in Beirut on January 14th 2008. The events were attended by major Lebanese and regional media, the group’s partners and clients, in addition to a number of officials and key players in the industry.

This strategic step comes inline with the Allianz Group’s expansion in the Middle East and its major shareholding in the Société Nationale d’Assurances s.a.l. (SNA), proving once again SNA’s drive in offering the best services and products to the Lebanese market and highlighting the value of the region for the Allianz Group. As a matter of fact, the partners elaborated on their common motive to cater for this growing market in terms of quality and innovation.

Mr. Antoine Wakim highlighted the importance of this strategic step: “Today with Allianz, it’s an historical day. We are proud to have the Allianz name with SNA, and we believe that with this collaboration we will be able to better serve our clients who deserve “First Class Service” and “First Class Products”. I am sure that Allianz will give a new dimension to our business with their international experience, and this will be of a great value not only for our clients but also for the staff in addition to more profit and growth for our shareholders”.

Dr. Werner Zedelius added: “Today, we arrived at an important crossroads: The first road represents the commendable work SNA has done over the last decades to become established and respected in Lebanon. The second road has been the visionary leadership which AGF has provided towards building our presence in the Middle East. The third road represents Allianz's history, know-how, size and strength. From this point on, we embark on a single path which will take us towards our future success”.

Mr. Sam Ghosh ended: “Allianz is stepping up its commitment to the Middle East. While we already have subsidiaries in Lebanon, Egypt, Bahrain, Jordan, Pakistan, and Saudi Arabia, we want to elevate our presence in the region to a new level, and set the course for internal and external growth for the Allianz Group. Allianz will also be concentrating on the life and retirement business, as well as health insurance in the Middle East, as we believe these areas have the greatest growth potential from today's perspective. Countries must have an effective health insurance system, and overcome the growing cost of healthcare. This is just one area where Allianz can lend its expertise. Yet, this also goes for Allianz's extensive know-how in banking and asset management, in addition to insurance”.

With its direct presence in Lebanon, Allianz does not only consolidate the Company’s commitment to the region but also reinforces the trust in its local partner, Société Nationale d’Assurances s.a.l. (SNA), who, since 1963, has managed to build a solid reputation and enhance its offerings to the Lebanese public throughout the years.

Beirut 14-01-2008
Communication department
Société Nationale d'Assurance s.a.l

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