Dubai International Financial Centre published a release welcoming Manulife’s establishment of a new office in DIFC, expanding its Global High-Net-Worth business in the region. The firm is positioned as the first international high-net-worth insurer in DIFC holding a Category 4 licence that enables it to advise on and arrange life insurance contracts. The DIFC office is intended to serve high-net-worth (HNW) and ultra-high-net-worth (UHNW) clients across the Middle East and act as a hub connecting Manulife with wealth managers and family offices. DIFC also reported that, at end-2024, it had 125 insurance and reinsurance-related companies among its clients, spanning insurers, reinsurers, brokers, captives, managing general agents, Lloyd’s service companies and cover holders, and related professional services firms.
Dubai International Financial Centre welcomes Manulife’s Dubai office launch under a Category 4 licence for high-net-worth life insurance
Dubai International Financial Centre announced Manulife's new office in DIFC, marking it as the first international high-net-worth insurer with a Category 4 licence for life insurance contracts. The office will cater to high-net-worth clients in the Middle East and connect with wealth managers and family offices. As of end-2024, DIFC hosted 125 insurance and reinsurance-related companies, including insurers, reinsurers, brokers, and related professional services firms.