| For Immediate Release | 22 December.2016 |
(Hong Kong, 22 December, 2016) Frontier Services Group Limited ("FSG" or the "Company") (SEHK: 00500), a leading security and logistics services company and Ping An Property & Casualty Insurance Company of China ("Ping An") have reached a strategic framework agreement to develop innovative insurance products and services on 16 December, 2016.
FSG and Ping An will focus on supporting clients operating along the One Belt One Road ("OBOR") region. The new offer will provide clients with innovative insurance products and services covering the unique risks associated with frontier markets.
This framework agreement is the first for FSG's new Insurance Division. FSG will partner with leading insurance firms in China to bring clients customized insurance solutions. As a leading security services and logistics company, FSG's is uniquely positioned to change the reactive approach of firms operating in complex environments with comprehensive insurance products that help clients manage and mitigate risks. The new partnership will provide global insurance solutions to protect clients from all eventualities, minimize their impact and enable companies operating in support of the OBOR initiative.
Erik Prince, the Chairman of Frontier Services Group said: "FSG's new framework agreement with Ping An marks the beginning of our Insurance Division. Ping An's reputation as a leading insurance company in China indicates the scale of the project and we are proud to be working with them. FSG protects our client's people, goods and equipment across air, sea and ground. Our new insurance division will now allow us to provide more comprehensive support."
Dr. Dongyi Hua, the CEO of FSG commented: "The new Insurance Division allows FSG to better support our clients' One Belt One Road projects. These new insurance products will allow clients to manage risks allowing` them to focus on meeting their project milestones on time and under budget".
David Whittingham, FSG's head of Corporate Development and Strategy also added: "FSG protects its clients' interests, allowing them to move people and material safely and efficiently across the most challenging terrains. Working with partners like Ping An will mean that we can now offer a more comprehensive service to our clients' One Belt One Road initiatives."
About Frontier Services Group
Frontier Services Group Limited ("FSG") (SEHK: 00500) is a publicly listed company on the Hong Kong Stock Exchange with its headquarters in Hong Kong and offices in Beijing, Dubai, Nairobi, and Johannesburg. FSG supports businesses operating in frontier markets overcome complex security, logistics and operational challenges. From Asia to Africa, FSG helps transport and protect your people, goods and equipment across air, sea and ground.
Media enquiries:
China media - please contact:
Wonderful Sky Financial Group Holdings Limited
Nicole Liu / Coco He / Wendy Chan
E: frontierser@wsfg.hk / po@wsfg.hk
T: +852-3970 2298 / 3641 1300 / 3970 2200
International media - contact Marc Cohen or Chris Wilson, PRO:
E: FrontierServicesGroup@theproffice.com
T: + 44 20 7284 6969
| © Copyright 1996-2022 irasia.com Ltd. All rights reserved. |
|
DISCLAIMER: irasia.com Ltd makes no guarantee as to the accuracy or completeness of any
information provided on this website. Under no circumstances shall irasia.com Ltd be liable
for damages resulting from the use of the information provided on this website.
TRADEMARK & COPYRIGHT: All intellectual property rights subsisting in the contents of this website belong to irasia.com Ltd or have been lawfully licensed to irasia.com Ltd for use on this website. All rights under applicable laws are hereby reserved. Reproduction of this website in whole or in part without the express written permission of irasia.com Ltd is strictly prohibited. TERMS OF USE: Please read the Terms of Use governing the use of our website. |