Posted on Jun 28, 2010 by Sergio Ulloa
and Apex Real Estate Development Company
have signed an agreement whereby Allianz Takaful will be contracted to provide employee medical insurance to Apex.
The agreement was signed by Allianz Takaful CEO, Dr. Abdul Rahman Tolefat and Apex Real Estate Development Company Managing Director Majed Al Khan. It will see Allianz Takaful, a wholly owned subsidiary of Allianz Group
, organize medical insurance coverage of over BD 490,000 (US$ 1.3 million) for Apex employees and their family members, including cover for international emergency medical treatment.
Majed Al Khan, the Managing Director of Apex, said "'Apex Real Estate and its subsidiaries, Apex Green and Apex Properties, have witnessed operational growth leading to an increase in number of staff. As part of our initiatives to provide our employees with a professional and value-added working environment, we sought to engage a company offering a range of medical services supported by a high degree of expertise."
The Allianz Takaful CEO, Dr. Abdul Rahman Tolefat said that "We are pleased to welcome Apex amongst our clients. We continuously seek to exceed our clients' expectations by providing excellent service. We look forward to continuing this relationship with Apex."
Insurance Company Mentioned:
Allianz Group is one of the leading global services providers in insurance and asset management. With approximately 153,000 employees worldwide, the Allianz Group serves approximately 75 million customers in about 70 countries. On the insurance side, Allianz is the market leader in the German market and has a strong international presence.