UAE: Kay International AMEA launches in DIFC
Source: Middle East Insurance Review | Jan 2017
Kay International AMEA has set up office in the DIFC to offer reinsurance risk placement services for risk located in Asia, the Middle East, and Africa. The company operates as an independent multi-line underwriting general agency (MGA) and reinsurance placement intermediary (broker).
The company is headed by Mr Walid Sidani, who has over 25 years of global and regional executive and leadership roles, and was most recently the CEO of Abu Dhabi National Insurance Company.
Kay International AMEA is the sister company of Kay International PLC (UK), which has been operating globally since 1980 and holds the dual designation as a Lloyd’s-approved coverholder and Lloyd’s broker.
Mr Bahram (Brian) Salmanpour, Chairman of the Board of Kay International PLC (UK), serves as Non-Executive Chairman of Kay International AMEA. The Board also comprises global and regional reinsurance and insurance professionals consisting of Mr Abbas Bolurfrushan, Mr Nicholas Hales, Mr Sridhar Subbaraman, and Mr Sidani.
“Our vision is to establish a regional hub in the DIFC to leverage longstanding relationships developed over decades and now with the right team this vision is being realised,” said Mr Salmanpour.