21 February 2012 News

AM Best to expand in Dubai

Rating agency AM Best has obtained the necessary approvals to establish within the Dubai International Financial Centre.

The new office will operate as AM Best MENA, South & Central Asia, with the aim of growing its insurance ratings franchise. However rating analytics will continue to be performed by teams based in London and Hong Kong.

Vasilis Katsipis has been appointed general manager – market development, and will be responsible for the office in Dubai reporting to Nick Charteris-Black, managing director, market development AM Best – EMEA.

“We are delighted to have received the necessary approvals from the authorities at the DIFC and look forward to joining the other international companies in what has become a major financial centre for the region,” said Dr Roger Sellek, chief executive officer of AM Best – EMEA and Asia Pacific.

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