General Re reinsurance joins DIFC
The Dubai International Financial Center welcomed General Re Insurance AG (Gen Re) to its vibrant community by opening its Middle East headquarters in the center, becoming the second insurance company owned by the Berkshire Hathaway Group to join the financial center.
General Re Insurance AG is considered one of the global companies in the field of reinsurance, and it is a wholly owned company of the General Re Insurance Corporation and a subsidiary of the Berkshire Hathaway group of insurance companies. It has also obtained a superior financial rating from major rating agencies, as well as a license Insurance (PIN) from the Dubai Financial Services Authority, the highest financial credit in the insurance sector.
The company will provide reinsurance services on "health" and "life" in the Middle East and North Africa, with a focus on the UAE and the Gulf Cooperation Council countries.
A statement issued today said that the establishment of the Dubai branch of General Re Insurance AG in the Dubai International Financial Center confirms the center's position as a preferred destination for reinsurance companies, thanks to its world-leading regulatory system.
Arif Amiri, CEO of the Dubai International Financial Center Authority, said: “We are pleased to have chosen General Re Insurance AG, the Dubai International Financial Center, based on its deep realization of our great potential, which is paving its way to growth and prosperity.”
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