Mahindra Insurance Brokers, based in Mumbai and a part of the Mahindra Group, has launched a new reinsurance office at the Dubai International Financial Centre (DIFC), aimed at servicing the Middle East and North Africa market. This expansion seeks to capitalize on emerging opportunities and enhance the company’s client base while facilitating growth in the region. The firm, which commenced operations in 2004, has focused on expanding its reinsurance capabilities since obtaining a composite license in 2012. According to Mr. Vedanarayanan Seshadri, managing director of Mahindra Insurance Brokers, there is a significant demand for local expertise in reinsurance amidst growing high-value risks in various sectors.
