Guy Carpenter & Company has opened its first office in the Middle East and has received a license from the Dubai Financial Services Authority (DFSA) to operate as an insurance intermediary in the Dubai International Financial Centre (DIFC).
Bilal El-Hoss has been appointed as Senior Executive Officer to head up Guy Carpenter (Middle East) Ltd. Mr. El-Hoss joins Guy Carpenter from Nasco Karaoglan France where he worked for 21 years most recently as head of the Marine, Energy and Aviation department.
He will be joined by industry veteran Ramnik Rajguru in the position of Senior Vice President. Mr. Rajguru is transferring from GC Fac’s London office where he worked as senior broker within the on-shore Energy and Property team, and will be permanently located in Dubai.
Nick Frankland, CEO, EMEA Operations, said, “We are delighted to be able to announce the opening of our first office in the Middle East. This exciting step enhances our ability to support our clients in the region in achieving their strategic objectives and once again demonstrates Guy Carpenter’s continued global commitment to serving the insurance industry.”
Massimo Reina, head of GC Fac International & EMEA, added, “The opening of this office will bring us closer to our clients, insurance companies and captives across the Middle East. We look forward to delivering them our full range of reinsurance services under the stewardship of Bilal El-Hoss who is a highly respected and experienced professional with strong relationships across the region.”