JLT opens Dubai base
UK headquartered broker JLT Risk Solutions has opened an office in Dubai’s International Financial Centre.
According to JLT, the office is “not to develop a local transactional broking capability, but rather to offer access to broking, risk management skills and expertise from across all areas of JLT”. Key targets will include large construction and energy projects. Mike Good – the head of JLT’s Middle East operations – commented: “The regulatory environment is strong and very supportive of our ambitions. We are also impressed with the potential of Dubai as a financial hub within the Middle East. It is also close to both East Africa and the West coast of India”.
JLT is the first broker to receive a licence from the DIFC.