The company established its presence in the DIFC in 2014. Credit: Dutchmen Photography/Shutterstock.

Lloyd’s reinsurer MS Amlin has introduced a new credit and political risk offering in Dubai and hired Osama Elshiekh to spearhead its foray into the class.

The move forms part of the company’s expansion in the Middle East and North Africa (MENA) region. 

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

It further strengthens MS Amlin’s Dubai underwriting hub, which in recent years has added financial lines and marine cargo to its portfolio, alongside existing marine hull and political violence services.  

Elshiekh will join the MS Amlin MENA team as senior underwriter for credit and political risk. 

He will report to MS Amlin MENA senior executive officer Vipul Gupta. 

Elshiekh brings around 15 years of industry experience to the new role, having latterly worked as a senior underwriter at the Hartford in the US.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

His background also includes various senior underwriting positions at the Islamic Corporation for the Insurance of Investment and Export Credit, notably as country manager for the United Arab Emirates (UAE). 

Gupta said: “As MENA’s economies continue to grow, cross-border trade and investment are driving greater demand for credit and political risk coverage. Establishing this new class of business enhances our ability to support clients navigating an increasingly complex geopolitical landscape.” 

He stated that the UAE and Saudi Arabia are the key drivers of demand for credit and political risk cover. 

Gupta also referred to India and Africa as “emerging growth hotspots”.

He noted: “We see exciting opportunities in India, and on the African continent, which are both experiencing a significant influx of foreign investment. We believe this will create growing demand across a number of speciality lines, most notably credit and political risk.” 

The company set up its presence in the Dubai International Financial Centre (DIFC) in 2014.