AGCS to close its Dubai office


Allianz Global Corporate & Specialty (AGCS) is to close its Dubai office, impacting 23 jobs. The decision comes after a strategic business review of the office and its future potential. AGCS said the Dubai office had stagnant premium growth over the last few years and a high cost base, mostly driven by office rental, HR costs and broker commissions.

AGCS, Strategic business review, GWP, Office closure, Insurance, Reinsurance, Dubai

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