Reinsurance Capacity on the Rise

In 2009, Liberty International Underwriters (LIU) had 13 staff in its DIFC Gate Village office. Two years on, its floor space has expanded to accommodate a projected headcount of 20 by end-2011.

It introduced war and terrorism capacity this year and is set to launch professional indemnity covers for architects and engineers. At the beginning of 2011, ACE Insurance Management opened its doors for business in the DIFC’s Currency Tower. It has since expanded its floor area and employs more than 10. RGA's Ashraf Al Azzouni comments on the expansion of the reinsurance market in the Middle East.