Aon Benfield Granted Dubai International Financial Center License

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that its Middle East division has been granted a license to operate as an authorized firm in the Dubai International Financial Centre (DIFC).

The bulletin said the “license, issued by the Dubai Financial Services Authority (DFSA), will promote the division’s operational growth, bolstering its regional presence in Gulf Cooperation Council (GCC) countries. It allows Aon Benfield’s treaty and facultative teams to operate from the same location at the DIFC, enabling them to work together to structure innovative solutions to the benefit of regional clients.”

It also explained that the “Middle East team comprises highly qualified professionals with exceptional track records in the industry and the GCC region, who are fully supported by Aon Benfield’s London team and the firm’s global network. The team is fluent in Arabic, English, French, German, Hindi and Sinhala, in order that they can communicate effectively with all clients across the region.”

Ahmed Rajab, CEO of Aon Benfield’s Middle East & North African business, commented: “The Dubai International Financial Centre has a fantastic reputation for providing financial services firms with efficient access to the rapidly expanding Middle East markets.

“This license allows our Middle East team to operate from the DIFC, and will serve to enhance the firm’s position as a truly global reinsurance intermediary. We will continue to bring new resources, technology and innovation to the region, offering our clients the broadest range of risk transfer solutions and demonstrating Aon Benfield’s market leading reinsurance capabilities.”

The DFSA is the independent regulator of all financial and ancillary services conducted through the DIFC, working to develop, administer and enforce world class regulation of financial services within the purpose-built financial center.

Source: Aon Benfield