BPL Global granted brokerage license to operate in Dubai
BPL Global, a specialist credit and political risk insurance broker, has been granted a brokerage license by the Dubai Financial Services Authority to conduct insurance intermediation business in Dubai.
Harriet Smith will continue to head up the broker’s operations in the Dubai International Financial Centre (DIFC) as senior executive officer of the branch office. Smith has been in charge since the company opened its representative office in the DIFC in July 2015.
Sian Aspinall, managing director of BPL Global, said: "It goes without saying that Dubai is an important market for our multinational client base and, while we have had a local point-of-contact for them since 2015, this constitutes a significant step forward in terms of what we can do in the DIFC. So far our activities have focused on education. Now it’s time for action, focused on clients old and new."
Smith added: "Having spent a couple of years speaking to potential clients of the market and developing relationships, it’s clear that there is a growing demand for CPRI in the DIFC– from the commodity traders, from the banks, and from the corporates.
"Interestingly, they are not all current users of the CPRI product which speaks to the opportunity. Being able to service these clients’ needs locally – working with both local insurers and those in the London Market – means not only a more personalised offering, but ultimately faster and better-priced coverage."
The company currently has presence in London, Paris, Singapore and Hong Kong.
Get the latest re/insurance news sent to your inbox every day - Sign up to our free email newsletters
Today’s stories
TigerRisk hires ILS adviser to UK Chancellor
Reinsurers’ returns just 1.2% above their cost of capital
JLT Re poaches Ed’s reinsurance CEO in Asia Pacific
Aon Benfield teams up with JBA on UK flood risk modelling
Zurich UK captive leader moves to XL Catlin for a key role
Chaucer Dublin sets up new London branch
Willis Towers Watson hires Accenture MD for insurance consulting
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze