New York, December 19, 2011
Demand Grows for International Insurance Placement Expertise in Middle East
In order to serve the fast growing demand for multinational insurance services in the Middle East, Bowring Marsh, the specialist international placement division of Marsh, has opened an office in the rapidly expanding insurance center of Dubai.
Based within the Dubai International Financial Center, Bowring Marsh’s new office will specialize in property, engineering, casualty, professional indemnity, and terrorism risks. The office will be Bowring Marsh’s Middle East hub and will provide international insurance placement expertise for Middle East-based businesses, as well as source regional market capacity for global clients.
The Dubai office will be led by Tony Saada, who has worked for Marsh for 25 years, the last 18 of them in the Middle East.
Commenting on the opening of the office, Bowring Marsh CEO Nick Bacon said: “With 13 offices globally, Bowring Marsh is committed to providing clients with local access to the global insurance marketplace. The launch of Bowring Marsh in Dubai will provide Marsh clients with enhanced access to insurers based in the Middle East and enable them to secure new capacity and products.”
Mr Saada added: “The Middle East is an area of major economic growth. As well as providing access to the many new local insurers, Bowring Marsh’s Dubai office will utilize local insurance resources and develop specialized products to support clients across the region. I very much look forward to helping our clients meet their business goals.”
Robert Makhoul, CEO of Marsh Middle East, said: “The Bowring Marsh office will enhance Marsh’s services in one of the region’s most influential financial centers and insurance market places.”