Telerisk
No Result
View All Result
  • UK
  • World
    • Africa
    • Asia & Pacific
    • Europe
    • Middle East
    • Latin America
    • US & Canada
  • Technology
  • UK
  • World
    • Africa
    • Asia & Pacific
    • Europe
    • Middle East
    • Latin America
    • US & Canada
  • Technology
No Result
View All Result
Telerisk
No Result
View All Result
Home World Middle East

Markel and Talbot team up to launch D&O binder in Dubai

by Walid
April 17, 2016
Dubai-International-Financial-Centre

Markel International and Talbot Underwriting have teamed up to provide a new binder facility with a capacity of up to a maximum of £21 million ($30million USD) per risk for Directors and Officers (D&O) liability exposures in the Middle East and Africa (MEA) via Lloyd’s Dubai.

Last week’s announcement came as the two leading insurers revealed their wish to combine their respective expertise and knowledge of the D&O risks in the MEA marketplace to provide the binder as an alternative to other markets in the region.

Dubai, the city that grew out of the Middle East desert into an leading global business, has managed over the past years to attract some of the biggest names in finance to the Dubai International Financial Centre (DIFC), a special-purpose free zone governed by English common law.

Lloyd’s of London, the world’s specialist market for insurance and reinsurance, established a presence in Dubai last year when it opened its underwriting platform operating from the DIFC.

James Hastings, managing director of Markel’s professional and financial risks division, said:  “We opened our office in the DIFC because, with the development of Lloyd’s in Dubai, we saw more business being placed locally and wanted to take advantage of that trend. Our partnership with Talbot now gives us opportunity to do that on D&O risks in the broad region serviced by the Dubai platform.”

Tags: Directors and Officers InsuranceDubaiLloyd's of London
TweetShareShareShareSendSendShare

Related Posts

Technology

Cisco buys cybersecurity Splunk for $28 billion in cash

September 23, 2023
French supermarket chain Carrefour sticks price warnings on food to shame suppliers
France

French supermarket chain Carrefour sticks price warnings on food to shame suppliers

September 17, 2023
Birmingham, UK’s second-largest city declares bankruptcy
Business

Birmingham, UK’s second-largest city declares bankruptcy

September 14, 2023

Top Stories

  • Cisco buys cybersecurity Splunk for $28 billion in cash
  • French supermarket chain Carrefour sticks price warnings on food to shame suppliers
  • Birmingham, UK’s second-largest city declares bankruptcy
  • Defective airbags: US transport agency urges recall of 67 million airbag parts
  • Money printer De La Rue warns on profit amid falling cash demand
telerisk-logo

About us

Telerisk delivers business, financial and technology risks news, providing analysis, trends, opinions and more.

Follow us

© Telerisk Media Limited – All rights reserved.

No Result
View All Result
  • About
  • Europe
  • Home
  • Latin America
  • Middle East
  • Technology
  • UK
  • US & Canada
  • Video
  • World
    • Africa
    • Asia & Pacific

© Telerisk Media Limited - All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?