BGEO Group PLC (the “Group” or “BGEO”), announces that the Group’s property and casualty insurance subsidiary, Aldagi (the “Company”), has signed a major third-party partnership agreement with JSC Liberty Bank (“Liberty Bank” or the “Bank”) to enhance the distribution capabilities of its motor third party liability (“MTPL”) insurance business. Liberty Bank is the third largest bank in Georgia by total assets, and enjoys the largest branch and service outlet network in the country. As part of the partnership agreement, Aldagi’s MTPL products will be offered to the Bank’s clients through Liberty Bank’s large retail footprint in exchange for a commission fee based on the premium of each underwritten insurance policy.
