Green Delta Insurance Company Limited (GDIC) signs MoU with Bangladesh International Arbitration Center (BIAC)
Green Delta Insurance Company Limited (GDIC) has signed a Memorandum of Understanding (MoU) with Bangladesh International Arbitration Center (BIAC) at the capital. Under this agreement, a planned collaboration will be established for resolving insurance and contractual commercial disputes of GDIC through the specialized alternative dispute resolution services offered by BIAC.
Ms. Farzanah Chowdhury ACII (UK), Chartered Insurer, Managing Director and CEO of Green Delta Insurance & Mr. Muhammad A.(Rumee) Ali, Chief Executive Officer of Bangladesh International Arbitration Center signed the MoU on behalf of their respective organizations. Advisor & Founding Managing Director of GDIC Mr. Nasir A. Choudhury was also present at the ceremony along with other senior officials from both the organizations. This is the first MoU that BIAC signs with an insurance company.
Green Delta Insurance Company Limited is first AAA rated and leading non life insurance company of the country operating from its 39 branches all over the country. BIAC is the first international arbitration centre of Bangladesh, operating under a license from the Government and supported by three business chambers – ICCB, MCCI, Dhaka and DCCI, that offers effective alternative dispute resolution services for all contractual and commercial disputes.