Jordan’s APEX looks to expand in Egypt reinsurance brokerage market

Jordan-based APEX Insurance is seeking to obtain regulatory approval to practice reinsurance brokerage activities in Egypt, its chief executive Zuhair Al Atout announced Sunday.

APEX was established early 2010 and it is a module in providing reinsurance brokerage consultancy services in Jordan. The company is locally owned, and operates as a consultation and brokerage house.

Al Atout further said his firm had held talks with Egypt’s market regulator, the Egyptian Financial Supervisory Authority, expecting to win the licence soon.

APEX plans to inaugurate its newest branch in the Dubai Financial Centre next April, he added.

The Jordanian firm has offices in Nairobi, Riyadh, and Erbil.