A.M. Best has obtained the necessary approvals to establish within the Dubai International Financial Centre in Dubai, UAE. The new office will operate as A.M. Best MENA, South and Central Asia, servicing clients throughout the region and developing new relationships to grow its insurance ratings franchise. Rating analytics will continue to be performed by teams based in London and Hong Kong.
Vasilis Katsipis has been appointed general manager market development, and will be responsible for the office in Dubai reporting to Nick Charteris-Black, managing director, market development A.M. Best – EMEA.
“We are delighted to have received the necessary approvals from the authorities at the DIFC and look forward to joining the other international companies in what has become a major financial centre for the region,” said Dr. Roger Sellek, chief executive officer of A.M. Best – EMEA and Asia Pacific. “This announcement is an important step in A.M. Best’s commitment to being a truly global rating agency servicing the needs of the (re)insurance industry throughout the world including the growth economies in this important region.”