The Dubai International Financial Centre (DIFC) has announced that Advantage Reinsurance Management, a managing general agent, has joined the growing community at the financial hub.
DIFC said in a statement on its LinkedIn account that the establishment of Advantage Re at the centre was authorised by the Dubai Financial Services Authority (DFSA). “The firm strengthens DIFC’s position as a global hub for innovative and specialised reinsurance services,” the statement said.
Advantage Re said, “Our mission is to transform the Property & Casualty (P&C) reinsurance landscape across the MEIAA region by addressing key market inefficiencies and delivering tailored, technology-enabled solutions—in niche and specialty areas as well, such as surety and bonds, agriculture and parametrics.”
“By anchoring Advantage Re in the DIFC, we gain a strategic vantage point to write global reinsurance business with agility, regulatory credibility, regional insight and proximity to emerging and developing markets – combining international standards with regional relevances,” said Mr Akhilesh Jain, senior executive officer at Advantage Re.