Abu Dhabi Reinsurance Company Limited (“ADRe”), is granted a Financial Services Permission (FSP) as an insurance intermediary. Operating as the first Managing General Agent (MGA) at Abu Dhabi Global Market (ADGM) the international financial centre of Abu Dhabi, the Company has now started underwriting on behalf of “A” rated capacity providers.
ADRe concentrates on providing reinsurance solutions to the GCC, Africa and Asia, focusing on Energy, Property and Marine lines of business.
The company is led by industry experts from a wide range of disciplines, who have established relationships and experience in the region.
With an ambitious growth strategy and innovative new products, ADRe endeavours to expand its value proposition to meet the evolving needs of its business partners regionally and globally.
Andrew Sturdy, SEO said “Abu Dhabi Re is extremely proud to launch the first Reinsurance MGA on the ADGM platform. Entry could not be better timed for our skilled underwriting team led by CUO Tejal Bartlett in the best market climate for decades.”
Arvind Ramamurthy, Chief of Markets at ADGM said, “ADGM is pleased to welcome Abu Dhabi Reinsurance Company to its growing community. As an international financial centre, ADGM endorses the development of a growing insurance market in the UAE and the wider region. Our pioneering regime supports a wide range of insurance-related business models including insurance intermediation and management that play a significant role in developing this market.”
For more details on Abu Dhabi Re, please visit www.adreuae.com or follow us on LinkedIn: @ Abu Dhabi Reinsurance Company Limited.