Transamerica Life Bermuda Approved to Operate in Dubai
Transamerica Life Bermuda, a global high-net-worth life insurer, has received regulatory approval from the Dubai Financial Services Authority (DFSA) to establish a presence in the Dubai International Financial Centre (DIFC). This strategic move aims to support the company's distribution partners in the Middle East, a region increasingly recognized as a vital international financial and wealth management hub
With a heritage spanning nearly 180 years through Aegon and Transamerica, Transamerica Life Bermuda specializes in underwriting large sums assured and managing complex customer scenarios. The company's expansion into DIFC aligns with its global growth strategy to serve high-net-worth individuals and families across the Middle East and beyond
The DIFC, established in 2004, is a leading global financial center in the Middle East, Africa, and South Asia (MEASA) region. It offers a robust regulatory framework, modeled on international standards, and hosts over 125 insurance-related entities, making it an attractive base for insurers and reinsurers seeking to access key markets in the region .
Adnan Ladki has been appointed as Head of DIFC for Transamerica Life Bermuda and will work closely with the leadership team to advance the company's ambitions in the region .
This development underscores Transamerica Life Bermuda's commitment to expanding its global footprint and enhancing its service offerings to
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