Dubai grants Swiss Re licence to operate

The Dubai Financial Services Authority (DFSA) has granted Swiss Re a licence to operate in the Dubai International Financial Centre (DIFC).

The Dubai branch will initially focus on offering specialty risk solutions to corporate clients in the Energy, Power, Engineering, Construction and General Aviation (airports, airport-related services and business jets) industries in the Middle East.

"We have long standing relationships throughout the Middle East and our Dubai branch will further strengthen our commitment,” says Nikolaj Beck, head of specialties for Swiss Re Corporate Solutions.

“Our ambition is to significantly grow our book of business in the region and DIFC offers us the right platform to achieve this goal.”

The branch will also offer clients access to the entire range of Swiss Re Corporate Solutions’ products, making long-term capacity available in the region.