Lloyd’s broker Tysers is expanding its presence in Dubai to meet the Middle East’s growing demand for insurance expertise.
The expansion forms part of Tysers’ wider strategy to drive growth opportunities in international markets, bringing local expertise and the support of an established global broker to what it considers an underserved market segment.
Arjun Venugopal, Associate Director, Jack Plom, Broker, and Adrian Briffa, Broker, will join Tysers later this year to help expand its marine, construction, and casualty offerings to Middle Eastern clients.
“Our hires in Dubai and expansion into new business lines reflect Tysers’ strong commitment to the Middle East and our ability to proactively respond to the needs of our clients,”said Anthony Harris, Senior Executive Officer, Tysers Dubai.
“Dubai is the perfect location to build out our business in the region and capitalise on growth opportunities across the Middle East, Asia Pacific and Africa as economies start to pick up.”
James Cooke, Deputy Senior Executive Officer, Tysers Dubai, added, “The Middle East is developing into an important financial hub. Local government initiatives have resulted in billions of dollars being invested in new construction projects around the Gulf.
“The UAE, Saudi Arabia and Qatar have significant development plans, including the Saudi Vision 2030, the Qatar World Cup and the UAE’s programme of 50 Projects for 50 Years of the UAE which is backed by an initial fund of US$1.36bn.
“By expanding our marine, construction and casualty capabilities in Dubai, we are in an excellent position to support the local market and our clients as the region enters an exciting new stage of growth.”