Insurance company

Insurance company Volante Global uses Lloyds’s Syndicate at DIFC for growth in the Middle East and the Republic of Turkey

Dubai, United Arab Emirates: Volante Global, an international multi-class, multi-territory Managing General Agent (MGA) and Lloyd’s Syndicate, has announced the launch of Volante (DIFC) Ltd at Dubai International Financial Center (DIFC), the main global financial center in the Middle East, Africa and South Asia (MEASA) region.

Volante (DIFC) Ltd has received a category four license from the Dubai Financial Services Authority (DFSA), the independent regulator of financial services conducted in or from DIFC. Led by Khalil Eid, Volante (DIFC) Ltd will offer reinsurance through Volante Global’s A+ rated Lloyd’s Syndicate 1699.

Volante (DIFC) Ltd has commenced underwriting and plans to build a diversified portfolio across multiple business categories including Treaty, Property, Energy, Marine, Liability, Engineering and Automotive lines . The Volante (DIFC) Ltd team have extensive experience in the region and have held senior management positions, covering the territory for many years.

Khalil Eid, Managing Director of Volante (DIFC) Ltd said: “Our company’s main objective is to achieve a large and profitable portfolio with a relevant product proposition for DIFC and the growth potential of the insurance market in the Middle East. We will do this through a combination of treaty and optional offerings targeting enterprise and consumer lines across multiple business classes.

“In our first year of operation, we successfully launched a multi-product plan led by a highly experienced team based at DIFC. We are well placed to realize our vision and aspirations in the region,” he added.

“I am pleased to confirm the appointment of colleagues who will develop our activity based at the DIFC: Abdelfattah Chami – Director of Treaty; Manik Sethi – director of marine and offshore energy; Rainer Lehner – Offshore Energy Manager; Nazih Matar – Director of First Party “Property” Lines; Tariq Siddiqi – Director of Energy, Power and Onshore Engineering; Arnen Panopio – Director of the ‘Civil Liability’ lines; and Kyra Logotheti – Director of Accidents,” he concluded.

Highlighting the differentiation that Volante (DIFC) Ltd seeks to bring to local markets, Talbir Bains, Founder and Global CEO of Volantesaid: “Our proposal is to leverage our Dubai-based talents to offer combined insurance policies, including property, liability, marine, auto and treaty insurance to a range of local policyholders in the Middle East. Orient and in the Republic of Turkey. The capital strength we are bringing to the local market with our Lloyd’s Syndicate 1699 platform will provide beneficial multiline solutions to our partner brokers. Volante is delighted to begin trading in DIFC.

Salmaan Jaffery, Business Development Manager at DIFC, commented, “The insurance market in the Middle East, Africa and South Asia continues to become more sophisticated and DIFC is seen as the regional driver of the industry. We are delighted that Volante will now be part of Lloyd’s Syndicate at DIFC and will use the Center to expand into new markets.

Roshni Lillies, Volante 1699 Syndicate Active Underwriter, the platform through which Volante (DIFC) Ltd will trade, conveyed the targeted strategy the company will bring to the local market: “Volante (DIFC) Ltd will underwrite the Middle East business for Volante Syndicate 1699 via a Partnership Agreement services. This platform allows our syndicate to access a growing market locally with local underwriting talent. We are delighted to have been able to count on such an experienced and renowned team. We look forward to working with local policyholders and brokers. »

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About Volante Global

Volante Global is an international, multi-class, multi-territory MGA & Lloyd’s syndicate, offering best-in-class underwriting, powered by data-driven business processes deployed through a mission-critical platform. Registered and based in the UK, Volante Global is built on a financially secure foundation, including (at a minimum) A-rated insurance capacity supporting each line of business.

About Volante (DIFC) Ltd

Volante (DIFC) Ltd is regulated by the Dubai Financial Services Authority (DFSA) FN006829 and incorporated with Dubai International Financial Center (DIFC) CL5092. It is located on the DIFC Lloyd’s platform in the village-gate eight levels five. All products will be offered on a reinsurance basis.

About Dubai International Financial Center

The Dubai International Financial Center (DIFC) is one of the most advanced financial centers in the world and the leading financial center for the Middle East, Africa and South Asia (MEASA), which comprises 72 countries with a population of around 3 billion and an estimated GDP. 8 trillion dollars.

With nearly 20 years of experience facilitating trade and investment flows in the MEASA region, the Center connects these fast-growing markets to economies in Asia, Europe and the Americas through Dubai.

The DIFC is home to an internationally recognized independent regulator and proven judicial system with an English common law framework, as well as the largest financial ecosystem in the region with nearly 30,000 professionals working in over 4,000 active registered companies – constituting the largest and most diversified pool. of industry talent in the region.

The Centre’s vision is to drive the future of finance through cutting-edge technology, innovation and partnerships. Today, it is the future global finance and innovation hub offering one of the most comprehensive FinTech and venture capital environments in the region, including cost-effective licensing solutions, responsive regulation, innovative acceleration programs and growth-stage start-up funding. -UPS.

Comprising a variety of world-renowned retail and dining venues, a vibrant arts and culture scene, residential apartments, hotels and public spaces, DIFC continues to be one of the premier business and style destinations Dubai’s most sought-after lifestyles.

For more information, please visit our website: difc.ae, or follow us on LinkedIn and Twitter @DIFC.

For media inquiries, please contact:
Omar Nastro | ASDA’A BCW
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Racha Mezher | Dubai International Financial Center Authority
Advisor, Marketing and Corporate Communications
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