Fidelis Partnership launches MEASA expansion
The Fidelis Partnership has opened an office in Abu Dhabi with plans to expand in the Middle East, Africa and South Asia and to help companies tackle the transition to alternative energy.
The Bermuda-based managing general underwriter said it had appointed former CEO of OneGlobal Middle East Matthew Warren to be executive chairman of Fidelis MEASA. Youssef Al Kareh, former deputy CEO corproate insurance of Shory has been appointed CEO and CUO of Fidelis MEASA.
Richard Coulson, CEO of insurance and Deputy Group CUO of The Fidelis Partnership, said: “This is another positive development in our ambitious expansion plans, giving us more direct access to a vibrant region which has a significant pool of potential business. This also forms part of our commitment to building a footprint that aligns to where our clients, brokers and investors are.
“More broadly, insurance is a critical enabler for the energy transition, and The Fidelis Partnership is already playing a leading role in helping our clients in both traditional and renewable energy tackle the unique risks and complexities in this area. We see significant potential to bring this expertise closer to clients in the Middle East.”
Warren added: “The Fidelis Partnership has established a reputation as a leading player globally when it comes to complex risks. This is an exciting opportunity to bring these capabilities to new markets and investors in the region. We look forward to meeting brokers and their clients in person as we build our presence in Abu Dhabi and the wider MEASA region.”
Al Kareh added: “By establishing an on the ground presence, The Fidelis Partnership is demonstrating its strong commitment to Abu Dhabi and the wider region. I look forward to working closely with the teams in London, Bermuda and Dublin and bringing their expertise to current and prospective clients.”
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