GIG Algeria is an insurance company that was previously known as L'Algerienne des Assurances (2A). The company underwent a rebranding in 2021 to become GIG Algeria following its acquisition by the Gulf Insurance Group (GIG) in 2015, where GIG acquired 49% of 2A's share capital[3][5]. ## Key Facts About GIG Algeria - Parent Company: GIG Algeria is part of the Gulf Insurance Group (GIG), whose main shareholders include KIPCO and Fairfax. As of 2023, Fairfax became the largest shareholder with a 90.01% stake[4]. - Employee Count: GIG Algeria has approximately 310 employees[1]. - Funding Rounds: There is no reported information on funding rounds specifically for GIG Algeria[1]. - Location: The company is based in Algeria, with its headquarters located in Algiers[5]. - History: Originally founded in 1998 as L'Algerienne des Assurances, it was rebranded as GIG Algeria in 2021[3][5]. ## Business Overview GIG Algeria operates within the insurance sector, offering various insurance products. The Gulf Insurance Group, its parent company, is active across several countries in the Middle East and North Africa, including Kuwait, Jordan, UAE, Bahrain, Syria, Iraq, Lebanon, Saudi Arabia, Egypt, Qatar, Oman, and Turkey[3][4]. GIG has expanded its operations through strategic acquisitions, including the takeover of AXA's operations in the Gulf region in 2021[4]. This expansion reflects GIG's growth strategy and its position as a significant player in the regional insurance market.