Article
| February 17, 2011
Country Q&A: Insurance and Reinsurance in the United Arab Emirates (Dubai International Financial Centre)
The Dubai International Financial Centre (DIFC) was established in 2004 with the aim of becoming a financial services hub for the Gulf region. Since then, it has made significant progress as an insurance market. Currently the DIFC is home to:
- Ten insurance risk carriers (including two captives)
- Four insurance managers
- 26 insurance brokers
Several large international reinsurance groups have established entities or branch operations in the DIFC, including:
- Liberty Mutual
- Generali
- Zurich
- Allianz
- QBE
Several large international brokers also have a presence in the DIFC, including:
This memorandum is intended only as a general discussion of these issues. It is not considered to be legal advice. We would be pleased to provide additional details or advice about specific situations. For additional information on this important topic, please feel free to call upon your Dewey & LeBoeuf relationship partner. No part of this publication may be reproduced, in whole or in part, in any form, without our prior written consent.
For further information on Dewey & LeBoeuf, please visit www.dl.com. +1 888 532 6383