Rokstone, a global specialist in (re)insurance, has launched operations in the Dubai International Financial Centre (DIFC) after securing a regulatory license from the Dubai Financial Services Authority.
This move is a strategic expansion to capture regional business opportunities in the Middle East and North Africa (MENA) that are not currently reaching London.
The new DIFC office will enable Rokstone to offer specialty risk solutions, focusing on direct and facultative property, construction, aviation, marine cargo, and surety. As the insurance market grows in the UAE, Rokstone plans to introduce more products from its portfolio based on regional demand.
The office is starting with a team of seven and intends to expand in the near future, supported by A-rated capacity from long-term carrier partners.
James Potter, CEO of Rokstone, commented: “We are excited to officially launch our Dubai office, expanding our MGA model to MENA. Dubai and DIFC are a growing and thriving regional hub which opens up new distribution to regional markets. There is a good talent base there and a well-connected transport hub for the region.”
Salmaan Jaffery, Chief Business Development Officer, DIFC Authority, added: “We welcome Rokstone to DIFC and look forward to helping them capture opportunities in the region. As one of the fastest growing MGAs, Rokstone brings capacity and expertise to the region and expand their services from the ground more effectively, supporting the growth of DIFC’s (re)insurance sector and positioning the Centre as a global hub for the industry.”
Rokstone is part of the Aventum Group, a leading speciality insurance group.
