National brokerage opens first overseas office
National insurance broking firm MGA Insurance Brokers is opening a new office in the developing market of Cambodia. The Cambodian operation was being set up as a joint venture with two local brokers, Chantol Seng and Sophat Meas, who had extensive international experience. … “Cambodia has a number of special economic zones where international businesses are setting up to take advantage of the relatively low cost base. Domestically, a lot of new businesses are also being established. “Banks financing these developments are demanding insurance cover such as fire and property as a condition for funding, while third party motor insurance is also expected to become compulsory in Cambodia in the next few years” [MGA Insurance Brokers Chairman John George]. …
Insurance Business News Staff
http://www.insurancebusinessonline.com.au/news/national-brokerage-opens-first-overseas-office-181017.aspx
