Howden Re, part of world insurer Howden, has secured a full reinsurance licence from the Dubai Monetary Companies Authority (DFSA) to conduct its enterprise inside Dubai Worldwide Monetary Centre (DIFC).
The licence will allow the corporate to increase its current broking providers, with an emphasis on treaty, facultative and managing basic agent (MGA) reinsurance.
The Dubai operations shall be collectively led by Julian Samengo-Turner, head of IMEA (India, Center East and Africa), who will proceed to handle Fac and MGA broking, alongside Attilio Tornetta, the newly appointed head of Treaty & Regional Retro for MEA.
Moreover, Sheena Kotecha, head of operations IMEA, has been promoted to the place of senior govt officer to make sure Howden Re adheres to regulatory and governance requirements.
Tornetta, who grew to become managing director for the Center East and Africa (MEA) at Howden Re in 2023, will focus on enhancing the corporate’s treaty choices and broadening its presence all through the MEA.
Howden Re Worldwide Development Markets head Mario Baotic mentioned: ”We admire DIFC’s ongoing confidence in Howden and their partnership in enabling our progress by means of this licence.
“This growth clearly demonstrates Howden Re’s continued worldwide enlargement, our ambition to deepen our regional presence and our dedication to delivering distinctive worth to our shoppers globally. It marks a big step ahead in strengthening our world footprint and reinforcing our long-term technique in key markets.”
In June, Howden secured the required regulatory consents to provoke reinsurance actions within the kingdom of Saudi Arabia.
Moreover, Howden Re strengthened its footprint in South Africa below Gary Ankorn’s management and enhanced its operations in India, with Minesh Jani, head of Reinsurance India, on the helm.
