RSA Expands Global Network Coverage in Africa

LONDON, Feb. 21 -- RSA Insurance Group issued the following news release:

Leading international insurer RSA can now service multinational customers in five more African countries after extending an existing partnership with the Africa-based insurance network, Globus.

Founded in 2007, Globus Network operates from its head office in Douala, Cameroon and is the largest network of African insurers with members across 46 countries.

Now operating in more than 170 territories worldwide, RSA Global Network provides multinational customers with local expertise and service through its network partners. Since its launch in 1996, the Global Network offering has been supported by RSA's consistent standards and financial strength, as well as its financial guarantee to meet all claims obligations.

This new partnership enables RSA Global Network to provide insurance services to customers with operations in Botswana, Congo, Mauritania, Zambia and Zimbabwe. RSA Global Network's new partners are the Globus members Phoenix of Botswana, Assurances Generales du Congo, NASR Mauritania, Phoenix of Zambia, and NicozDiamond Insurance Zimbabwe. The appointment of Globus means RSA now has partners in 26 African countries.

The agreement followed completion of a comprehensive training programme for the Globus hub in Douala led by the RSA Global Network Team. All of RSA Global Network's partners must meet stringent guidelines and service level agreements covering policy issuance and claims, sanctioning, credit ratings and claims handling.

Jude Ncho, executive director, Globus Network, said:

"RSA has been working with Globus for the past two years so we are pleased to expand this cooperation to new African markets. We are currently supporting RSA customers and we look forward to developing the relationship further."

Barbara O'Reilly, global network director, RSA, said:

"For more than 20 years, RSA Global Network has been providing multinational clients with efficient and professional local service in the territories in which they operate. As many of our customers are continuing to expand their geographical footprint within developing economies, we must keep step with their needs.

"RSA has enjoyed a strong and stable relationship with Globus, which has consistently provided our underwriters with proactive and prompt services. I am delighted that we can now extend this partnership to five more territories and welcome our new partners on board.

Owen Thomas, global broker relationship director, RSA, added:

"In the past three years, RSA has completed disposals of non-core parts of the business. However, our measured expansion in the number of trusted partnerships we have through our Global Network ensures RSA's multinational customers continue to benefit from the global coverage they require to realise their own growth ambitions."

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