“But Falcon is growing through this uncertain period.
The issue with insurance is that we are intrinsically linked internationally through reinsurance and various other markets including foreign exchange which has led to economic strain. Seychelles NATION: It is a bitter-sweet anniversary marked by the Covid-19 pandemic and its impacts, how is Falcon Insurance managing the situation?ĭarren Roberts: “The insurance industry is not like any other industry and it has been affected greatly by Covid-19. It is a model based on nurturing and growing these talents.” “Falcon is a Seychelles-based business and our business model employs local talent. Our strengths have always been property, motor, marine and business, and now with Covid-19 it has heavily moved towards the health insurance coverage. Seychelles NATION : Falcon Insurance has been operating in Seychelles for five years, how has those five years been?ĭarren Roberts: “We have had a very good strong start and have performed really well in the market here, and I think we have earned our place as one of the well-known quality insurance companies serving the local community.
Falcon insurance co professional#
The company presently offers a range of insurance covers for property, health, liability, motor, marine and yachts and professional indemnity among others. The managing director of Falcon Insurance, Darren Roberts, talks about extending the company’s portfolio, its main developments in 2020, and Covid-19 in an interview with Seychelles NATION. Nonetheless, Falcon Insurance is forging ahead with its contingency plan in hand to better position itself in the local, regional and international markets as well as to provide novel products for its customers. Dentons' polycentric approach and world-class talent challenge the status quo to advance client interests in the communities in which we live and work.Business Falcon Insurance positions itself during the pandemic |12 October 2020Ī relatively brand new addition to the local financial services sector, Falcon Insurance is celebrating its 5 th anniversary in quite a tumultuous year of pandemic, lockdowns, restrictions and global economic crisis. Dentons is a leader on the Acritas Global Elite Brand Index, a BTI Client Service 30 Award winner and recognized by prominent business and legal publications for its innovations in client service, including founding Nextlaw Labs and the Nextlaw Global Referral Network. Ends-įor further information, please contact: Charlene Singh Acting Team Lead of Business Development & Marketing - Middle East +968 2457 3034 Dentons Dentons is the world's largest law firm, delivering quality and value to clients around the globe. The transaction was led by Nick Simpson and senior associate Darshi Sanganee, both based in Muscat. It has witnessed steady growth over several years.ĭentons' Co-Managing Partner and Head of Corporate in Muscat, Nick Simpson, commented, "We are delighted to have worked with Al Anwar on its strategic divestment of a significant stake of its insurance business and look forward to working with them in the future." The transaction also involved a simultaneous acquisition of the business, assets and liabilities of AIC's Oman branch by FIC, and Dentons also advised on the business transfer agreement.Īl Anwar, a private equity firm, invests in small- to medium-sized businesses in Oman, the Middle East and South Asia. and Lawrence Investment LLC (Under Formation). Muscat, 15 February 2017 Dentons advised Al Anwar Holdings SAOG on the sale of 20.35% of its shareholding in Falcon Insurance Company SAOC (FIC) for a consideration of OMR 1.876 per share to Arabia Insurance Company S.A.L's (AIC) affiliates, namely Arabia S.A.L.
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