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Mon 29 Oct 2007 10:42 AM

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French insurers arrive in Dubai

Mobily Saint Honore opens regional headquarters in Dubai International Finance Centre.

Mobily Saint Honore (MSH), a subsidiary of the Assurances et Conseils Saint Honore (ACSH) formed in 1974, has opened a regional office in Dubai to better cater for the needs of their international and regional clients based in the Middle East and Asia. Specialising in providing multinational companies with employee healthcare coverage, the move is intended to bring a new level of service to this specific growth region. The new legislation demanding mandatory healthcare cements this as a prime development opportunity for insurance companies.

ACSH is currently the fifth largest insurance broker in France and the expansion of their subsidiaries is evidence that they intend to rise further, not only in France but worldwide. MSH already has bases in Paris, France and Calgary, Canada, choosing to locate close to their clients.

The expatriate market in the UAE is strong with 80% of the population coming from abroad so the decision to locate here is based on the presence of a lucrative market and ideal position as a regional hub. Having said this, the bases in other countries allow the company to apply global experience and expertise to the local market. To apply this expertise, the company has employed a team of over 20 nationalities so that they are fully able to meet the needs of all international clients.

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