Tysers, a Lloyd’s broker, is expanding its presence in Dubai to meet the growing demand for insurance expertise in the Middle East. The expansion forms part of Tysers’ wider strategy to seize growth opportunities in international markets, bringing local expertise and the support of an established global broker to underserved market segments.
Since its launch in 2006, Tysers’ Dubai office has developed into a regional hub handling clients’ (re)insurance requirements in the marine, non-marine, financial, and professional risks sectors.
Three more executives — Arjun Venugopal, associate director, Jack Plom, broker, and Adrian Briffa, broker — will join Tysers later this year to help expand its marine, construction, and casualty offerings to Middle Eastern clients.
Mr Anthony Harris, senior executive officer, Tysers Dubai, said, “Our hires in Dubai and expansion into new business lines reflect Tysers’ strong commitment to the Middle East and our ability to proactively respond to the needs of our clients. Dubai is the perfect location to build out our business in the region and capitalise on growth opportunities across the Middle East, Asia Pacific and Africa as economies start to pick up.”
Mr James Cooke, deputy senior executive officer at Tysers Dubai, added, “The Middle East is developing into an important financial hub. Local government initiatives have resulted in billions of dollars being invested in new construction projects around the Gulf. The UAE, Saudi Arabia and Qatar have significant development plans, including the Saudi Vision 2030, the Qatar World Cup and the UAE’s programme of 50 Projects for 50 Years of the UAE which is backed by an initial fund of $1.36bn. By expanding our marine, construction and casualty capabilities in Dubai, we are in an excellent position to support the local market and our clients as the region enters an exciting new stage of growth.”
Headquartered in London with offices and associates around the world, Tysers trades in 140 countries across the globe. Tysers has over 1,000 experienced and talented employees who handle in excess of GBP2.75bn ($3.81bn) of premium annually.