Volante Global, an international managing general agent platform and Lloyd’s Syndicate, has announced the launch of Volante (DIFC) at Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region.
Having received regulatory approval from the local regulator, Volante (DIFC) will offer reinsurance through Volante Global’s Lloyd’s Syndicate 1699, led by Khalil Eid,.
Volante (DIFC) has already started underwriting and plans to build its portfolio across multiple business classes, including treaty, property, energy, marine, liability, engineering and auto consumer lines.
“The core focus of our company is to achieve a significant and profitable portfolio with a product proposition relevant to DIFC and the Middle East insurance market’s growth potential,” said Eid, who has been appointed as Managing Director of the unit.
“We will do so through a combination of treaty and facultative offerings targeting corporate and consumer lines across multiple business classes,” he added.
“In our first year of operation, we successfully launched a multi-product plan led by a highly experienced team based in DIFC. We are well positioned to achieve our vision and aspiration in the region.”
The Volante DIFC team will include: Abdelfattah Chami as Director of Treaty; Manik Sethi as Director of Marine & Offshore Energy; Rainer Lehner as Director of Offshore Energy; Nazih Matar as Director of first-party ‘Property’ lines; Tariq Siddiqi as Director of Onshore Energy, Power & Engineering; Arnen Panopio as Director of third-party ‘Liability’ lines; and Kyra Logotheti as Director of Casualty.
Talbir Bains, Volante’s Global Founder and CEO, also commented on the launch: “Our proposition is to leverage our Dubai-based talent to deliver combined package policies, including property, liability, marine, auto consumer lines and treaty to a spectrum of local assureds in the Middle East and Republic of Türkiye.”
“The strength of capital we bring to the local market with our Lloyd’s Syndicate 1699 platform will offer advantageous multi-line solutions to our broker partners. Volante is excited to commence trading in DIFC.”
Salmaan Jaffery, Chief Business Development Officer at DIFC, further stated: “The Middle East, Africa and South Asia’s insurance market continues to become more sophisticated and DIFC is regarded as the regional powerhouse for the sector. We are delighted that Volante has become part of the Lloyd’s Syndicate at DIFC and will use the Centre to expand into new markets.”
“Volante (DIFC) Ltd will underwrite Middle Eastern business for Volante Syndicate 1699 via a service company agreement,” said Roshni Lillies, Active Underwriter of Volante’s Syndicate 1699.
“This platform enables our syndicate to access a growing marketplace locally with local underwriting talent. We are delighted to have secured such an experienced and highly reputable team. We look forward to working with assureds and brokers locally.”
