Rokstone gains DFSA approval for Dubai expansion
The Dubai Financial Services Authority (DFSA) has granted Rokstone Underwriting, a specialty re/insurance managing general agent (MGA), a regulatory license to operate in the DIFC.
The Dubai International Financial Centre (DIFC), governed by private laws and an independent judicial system, is a top financial hub for the Middle East, South Asia, and Africa (MENA).
Obtaining this license marks a significant step in Rokstone’s strategic expansion, the firm highlighted.
The new Dubai office will focus on expanding specialty risk solutions across the MENA region, tapping into the fast-growing UAE insurance market.
James Potter, CEO at Rokstone, commented: “We are excited to officially launch our Dubai office, expanding our MGA model to MENA. Dubai and the DIFC are a growing and thriving regional hub which opens up new distribution to regional markets. There is a good talent base there and a well-connected transport hub for the region.
“With its current favourable economic policy, high level of investment, and demand for high quality re/insurance underwriting, Dubai is well suited to an established, yet nimble MGA like Rokstone. Our specialist knowledge, use of technology, and our disciplined approach means we have a lot to offer both brokers and carriers operating in the region.”
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