Mumbai broker expands in Dubai

The division will serve as a regional hub for MENA markets.

Mumbai-based Mahindra Insurance Brokers (MIBL), the insurance broking arm of Mahindra Finance, has launched its reinsurance division in Dubai. 

The division, based in Dubai’s International Financial Centre (DIFC), will serve as a regional hub for the Middle East and North Africa (MENA) markets. 

Salman Jaffery, chief business development officer at DIFC Authority, welcomed MIBL, highlighting that the firm joins over 125 insurance-related entities in the centre, benefiting from world-class regulations.