Howden Re, the global reinsurance, capital markets, and strategic advisory arm of Howden Group, has announced that it has secured a full reinsurance licence from the Dubai Financial Services Authority (DFSA) to operate from Dubai International Financial Centre, the leading global financial centre in the Middle East, Africa and South Asia region.
This licence, along with Howden Re’s office expansion, marks a significant milestone in the business’s long-term commitment to the Middle East and other key growth markets. Howden Re’s expanded Dubai operations will build on its current broking services, with a focus on its treaty, facultative and MGA reinsurance offering and reinforcing its regional growth strategy.
The Dubai operations will be co-led by Mr Julian Samengo-Turner, head of IMEA, who continues to oversee Fac and MGA broking, and Mr Attilio Tornetta, newly appointed head of Treaty & Regional Retro, MEA. Howden Re already has an established facultative presence serving clients across the IMEA region under Mr Samengo-Turner’s leadership.
The new Dubai licence further strengthens Howden Re’s rapidly growing presence across major growth markets. Recently, Howden announced its entry into the Kingdom of Saudi Arabia with a dedicated reinsurance operation offering comprehensive Treaty and Facultative services, as well as strategic advisory capabilities in data, analytics, and capital markets. Additionally, Howden Re has expanded in South Africa under the leadership of Mr Gary Ankorn and deepened its presence in India under Minesh Jani, Head of Reinsurance India.
Founded in 1994, the Howden group provides insurance, reinsurance and underwriting services and solutions to clients ranging from private individuals to the largest multinational companies. The Group operates in 56 countries in Europe, Africa, Asia, the Middle East, Latin America, the USA, Australia and New Zealand, employs 22,000 people and manages premiums totalling $47bn on behalf of its clients.