WBN welcomes Malakut as new partner firm in Dubai, UAE
Headquartered in San Francisco, California (USA), WBN is pleased to announce that Malakut Dubai became the latest member to join the Worldwide Broker Network.
WBN is committed to maintaining a strong presence in the Middle East. The United Arab Emirates has a large insurance market with US$ 11 billion in written premium and US$ 13.8 billion in foreign direct investment – an increase of 32% between 2008 and 2020 – with strength in trade, real estate, finance, insurance and construction.
Malakut established operations in Dubai in 2009, becoming the second-largest and fastest-growing operation of the Malakut Group, an independent management-owned group of brokerages employing 180 professionals in 8 countries. Malakut has been a WBN partner firm since 2013, representing Russia and Vietnam.
Malakut Dubai is licensed to provide direct coverage throughout the United Arab Emirates and in several countries of the Middle East and Africa, with extensive experience in high-risk territories. It specializes in complex industrial P&C coverage, tailored employee benefits solutions, and reinsurance. Malakut Dubai has deep industry expertise in engineering and construction, aviation, food manufacturing and distribution, trading companies in commodities, metals, chemicals, and plastics.
“WBN has earned strong recognition by insurers and multinational clients globally, as the largest independent network of leading insurance brokers. It is a pivotal moment for Malakut to introduce partnership with WBN to our growing Dubai operations,” said Alexander Dolgopolov, CEO of Malakut Dubai. “We are certain that our clients will hugely benefit from the service provided by an excellent selection of network member firms across the globe. Likewise, Malakut aims to bring the servicing proposition in the UAE and surrounding regional territories for our partners’ clients to a new level.”
“Our members have been partnering with other Malakut Group companies to meet the demanding cross-border needs of their clients,” notes Alex Gilmore, chairman of the Worldwide Broker Network. “The UAE is dynamic region that is rapidly diversifying. WBN’s strategy of thoughtful membership expansion makes this the ideal time to have Malakut Dubai join the network.”
About Worlwide Broker Network
The Worldwide Broker Network is the world’s largest independent network of leading insurance brokers, and the fourth-largest among all networks. Established in 1989, with nine European brokers, today the network has over 115 member firms, across more than 500 offices on six continents, with US$ 5.6 billion in insurance and employee benefits consulting revenues.
Malakut Dubai Contact details
To contact Malakut Dubai:
Malakut Insurance Brokers (UAE)
Office 709, Concord Tower, Media City, Dubai, UAE
P.O. Box 487242
Tel.: +971 4 331 34 94
Fax: +971 4 331 34 91
E-mail [email protected]
www.malakut.com
