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Cooperation Agreement Between Insurance Brokers and BDH

This Is Beirut

12 Aug 2024 at 18:37 Last modified on 12 Aug, 2024 at 21:16

Insurance brokers will now be able to deposit the required bank guarantee with the Banque de l’Habitat (BDH) instead of with a commercial bank.

The financial institution will be able to issue insurance guarantees on behalf of the Ministry of the Economy, authorizing insurance brokers and representatives to carry out their functions under a cooperation agreement between the union and BDH.

The Caretaker Minister of Economy and Trade, Amin Salam, the President of the Insurance Brokers’ Union in Lebanon, Elias Hanna, and the Chairman of the Board and General Manager of Banque de l’Habitat (BDH), Antoine Habib, held a press conference on Monday to announce the signing of the agreement.