The reinsurer will provide life and health reinsurance services across the Middle East and North Africa (MENA) region from the hub, focussing on the United Arab Emirates and other Gulf countries.
Dubai is now home to more than 100 insurance companies and continues to record growth in premiums written in the territory.
In 2020, gross written premiums were $1.7bn, and in the first half of 2021 featured further premium growth of 15%.
Board member at Gen Re Ulrich Pasdika said: “With its leading expertise and broad range of services, Gen Re aims to make major contributions to the dynamic development of the life and health market in the MENA region.
“MENA is a key strategic region for us, and with the new office in DIFC, we will benefit from the proximity to clients in the United Arab Emirates and other GCC countries.”
