Swiss company to start operating in DIFC

Swiss Re Corporate Solutions announced today that it has received a licence from the Dubai Financial Services Authority (DFSA) 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, DIFC and Swiss Re Corporate Solutions said in a joint press release. 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, Head of Specialties for Swiss Re Corporate Solutions Nikolaj Beck said “Swiss Re Corporate Solutions’ decision to operate from DIFC alongside other international companies, including four of the world’s top five insurance companies, is a further testament to the Centre’s position as the leading global centre in the region. Our world-class infrastructure and common-law jurisdiction provide a stable platform for insurance companies to access the region’s emerging markets and grow their business there,” Abdulla Mohammed Al Awar, CEO of the DIFC Authority, commented.