Managing general agent Advantage Re has joined the Dubai International Financial Centre (DIFC), a financial hub for the Middle East, Africa, and South Asia (MEASA).
This strategic move brings Advantage Re’s specialised expertise in insurance, reinsurance and risk management solutions to the region and global markets, further solidifying DIFC’s position as a prominent center for innovative and specialized reinsurance services.
Authorised by the Dubai Financial Services Authority (DFSA), Advantage Re presence in DIFC is set to enhance the Centre’s already robust financial ecosystem.
The DIFC currently serves 77 countries, encompassing an approximate population of 3.7bn and an estimated GDP of USD 10.5trn. It provides an important link for trade and investment flows across MEASA and connecting these rapidly growing markets with economies in Asia, Europe, and the Americas, through Dubai.
Advantage Re’s mission aligns with the evolving demands of the region. The firm aims to transform the Property & Casualty (P&C) reinsurance landscape across the MEIAA by addressing key market inefficiencies and delivering tailored, technology-enabled solutions.
<!–
–>
This includes a focus on niche and specialty areas as well such as surety and bonds, Agriculture and Parametrics.
“By anchoring Advantage Re in the DIFC, we gain a strategic vantage point to write global reinsurance business with agility, regulatory credibility, regional insight and proximity to emerging and developing markets – combining international standards with regional relevances,” said Akhilesh Jain, Senior Executive Officer at Advantage Re.
The post Advantage Re joins DIFC’s growing community appeared first on ReinsuranceNe.ws.