{
  "id": 6138886,
  "title": "ACE Gallagher acquires Kuwait insurance broker UPI",
  "url": "https://urgent.news/2026/09/07/ace-gallagher-acquires-kuwait-insurance-broker-upi",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-07T13:01:17.000Z",
  "source": {
    "name": "Gulf News",
    "slug": "gulf-news",
    "url": "https://gulfnews.com/world/mena/ace-gallagher-acquires-kuwait-insurance-broker-upi-1.500666102"
  },
  "original_language": "en",
  "account": "Kuwait: ACE Gallagher Holding has taken over United Partners Insurance Brokers (UPI Brokers), bolstering its position in Kuwait as the group extends its operations in key Gulf Cooperation Council (GCC) markets. UPI Brokers, which has been active in Kuwait for over three decades, caters to several prominent business groups in the country. This acquisition aims to merge UPI Brokers' longstanding local connections and market insights with ACE Gallagher's regional expertise, specialized resources, and global presence. Upon the completion of the deal, Ibrahim Arqawi will assume the role of executive director at ACE Gallagher Kuwait, aiding in the expansion and diversification of the business. With three decades of experience in the insurance sector across several GCC markets, Arqawi has also been involved in the boards of various regional insurance firms and continues to provide advice on insurance matters. ACE Gallagher Holding's chairman, Nagib Bahous, highlighted Kuwait as a strategic market for their regional expansion, stating that this acquisition marks a significant step towards achieving their growth objectives. He further emphasized that UPI Brokers' strong local reputation, built over three decades, sets them apart. By merging UPI Brokers' established foundation with ACE Gallagher's regional capabilities and international reach, they anticipate delivering enhanced value, broader expertise, and improved services to clients across Kuwait. Ibrahim Arqawi explained that the acquisition would enable UPI Brokers to maintain the qualities that have formed the basis of their client relationships while gaining access to greater scale and resources. He added that the continuity and trust established over three decades are crucial to their relationships with clients and colleagues. Arqawi shared that joining ACE Gallagher allows UPI Brokers to preserve these defining attributes while benefiting from the scale, expertise, and resources necessary to better serve their clients. The acquisition is part of ACE Gallagher Holding's broader strategy to grow in key GCC markets, focusing on specialized expertise, local connections, and exceptional client service.",
  "summary": "Kuwait: ACE Gallagher Holding has acquired United Partners Insurance Brokers (UPI Brokers), strengthening its presence in Kuwait as the group expands across key GCC markets. UPI Brokers, which has operated in Kuwait for more than three decades, serves several of the country’s leading business groups. The acquisition will combine the brokerage’s established local relationships and market expertise…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}