Reinsurance broker UIB (DIFC) has been named Reinsurance Broker of the Year 2012 at the recent Mena Insurance Awards.
The award was given after UIB’s DIFC operation triumphed in the judging process against far larger broking organisations and locally-based brokers. In particular, UIB was praised for its innovation in assisting clients by devising tailored solutions and risk transfer programs; notably its handling of the reinsurance arrangements for the construction of the Dubai International Financial Centre.
Technical expertise, above-and-beyond adherence to corporate governance and strict compliance with regulations were also contributing factors in UIB gaining the coveted accolade.
George Kabban CEO of UIB DIFC commented: “We are delighted with this award which recognises and highlights the dedication and technical excellence of our staff. These efforts have played a vital part in achieving this award and in building a solid track record for client service. It is also a great achievement given the growing importance of DIFC as one of the most advanced financial hubs in the world, whose influence now extends as far west as Mauritania in North Africa, to India in the east and from Turkey down as far as South Africa.”
