XL opens reinsurance operation in Dubai
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XL Group P.L.C. has set up a reinsurance operation in Dubai, United Arab Emirates, XL announced Wednesday.
The operation will act as a regional hub for the company's business in the Middle East and North Africa region, XL said in a statement.
Mohamed Alali has been appointed senior executive officer of the operation, XL said. He previously was regional manager for facultative reinsurance for Willis Group Holdings P.L.C. in Dubai.
Imen Hamadouche has been appointed property facultative underwriter, XL added. She previously was client manager for MENA facultative business for Aon Benfield Group Ltd., the reinsurance arm of Aon P.L.C., in Dubai.
“There remains a strong reinsurance purchasing culture among local cedents with large property, industrial and energy exposures in the MENA region, as well as growing opportunities in the casualty and specialty sectors,” said David Watson, CEO of XL Re Europe S.E., in the statement.
