TLA represents Alpha Lloyds in sale of stake to Siaci Group

Tribonian Law Advisors (“TLA”) announced that it has represented the shareholders of Alpha Lloyds Insurance Brokers LLC (“Alpha Lloyds”), a leading insurance and reinsurance broker in the United Arab Emirates (“UAE”), in the sale of 80 per cent stake to Siaci Saint Honoré Group (“Siaci Group”), one of the leading providers of brokerage and consulting services in the French insurance market.

“After starting Alpha Lloyds 10 years ago, we are pleased to step up to the next stage by joining Siaci Saint Honoré an international group, full of talent and ambition. We believe that together we shall develop a major regional leader in the Gulf countries and compete efficiently with international brokers”, said Khaldoun Khartabil, Alpha Lloyds’ CEO.

“We are very pleased to welcome Alpha Lloyds’ team into our organization and solidify our presence and commitment to grow in the Middle East.” added Pierre Donnersberg, Siaci Group’s Chairman.

The new association will bring together the international expertise of Siaci Group’s large and experienced team and the deep knowledge and network of Alpha Lloyds’ leading team in the region, hence opening doors to a promising future for both parties.

The TLA team was led by the firm’s managing partner, Rindala Beydoun and partners Carlo Pianese and Emile Boulos, who were assisted by associate Maria Mourad and trainee Tala Azar.

Clyde & Co. (France) acted as the Siaci Group’s counsel.