DUBAI, 8th June, 2022 (WAM) — H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, today met with Martin South, President and CEO of Marsh, a leading global insurance broker and risk advisor, at the Emirates Tower in Dubai.
Sheikh Ahmed bin Saeed and the President of Marsh discussed new developments in the worldwide insurance industry, Dubai’s remarkable growth as a global financial hub and its emergence as an international destination for talent and entrepreneurship in the industry. They also discussed the global insurance giant’s growth based out of Dubai, as well as the vast new opportunities for insurance companies emerging from the UAE’s ambitious growth aspirations and new development avenues in the broader region.
Sheikh Ahmed said Dubai is constantly working to enhance the soft and hard infrastructure needed for global companies in various financial sectors to boost business growth. By providing enabling services and regulatory frameworks that maintain the highest international standards, the government continuously strives to create an environment where global financial companies can enhance their resilience, drive innovation and add value to the economy, His Highness noted.
For his part, South said that Dubai continues to provide the ideal platform for serving its clients and taking advantage of new possibilities for growth across the region. He expressed his admiration for the resolve and resilience that Dubai has demonstrated at a time of unprecedented global challenges and its success in creating one of the world’s most prominent financial hubs.
Part of the Marsh McLennan group, an international professional services firm headquartered in New York, Marsh has offices in 130 countries. With over 45,000 staff, the company provides industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce its clients’ total cost of risk. In 2021, Marsh reported a revenue of US$10.2 billion. Marsh’s Reinsurance Hub in the Middle East & Africa (MEA) region is located in the Dubai International Financial Centre.
The meeting was attended by Abdulla Al Basti, Secretary-General, Dubai Executive Council; Helal Al Marri, Director-General of Dubai’s Department of Economy and Tourism; Essa Kazim, Governor of Dubai International Financial Centre (DIFC); Flavio Piccolomini, President of Marsh International; Christos Adamantiatis, Regional CEO, Marsh Middle East & Africa; and Ayman El Hout, CEO of Marsh Emirates Insurance Brokers.