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Allianz aerospace unit gets Dubai license

Michael Bradford

June 20, 2007 Reprints

P/C Insurers Allianz Middle East/Africa More + Less -

DUBAI, United Arab Emirates Aerospace underwriter elseco Ltd., a unit of Allianz S.E., has been granted a license to operate from the Dubai International Financial Centre.

elseco will focus primarily on risks in the Middle East and Asia, according to a statement by the DIFC.

"Our suite of underwriting services meet what we believe is a strong market need, and the DIFC is clearly the ideal platform from which to reach out to the region," said Laurent Lemaire, Toulouse, France-based elseco's chief executive officer, in the statement.

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Allianz aerospace unit gets Dubai license

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