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Association of Bermuda Insurers and Reinsurers president Bradley Kading views Dubai as a complementary insurance hub to Bermuda, reports The Royal Gazette.
Mr. Kading said that Dubai gives access to a different market. Several Bermuda-based insurers and reinsurers, including Qatar Reinsurance Co. L.L.C., PartnerRe Ltd. and Axis Re S.E., opened offices in the Dubai International Financial Centre recently. Mr. Kading said that these reinsurers have opened branch offices in Dubai as part of "building out a global platform". Of the world's top 10 insurers, seven operate offices in the DIFC.