Abu Dhabi: HDFC International Life and Re Company Limited (HDFC International Life & Re), a wholly owned subsidiary of HDFC Life, has received a license from the independent regulator, Dubai Financial Services Authority (DFSA) to operate in the DIFC, the first Indian reinsurance firm to do so.
Through its presence in DIFC, HDFC International Life & Re will use DIFC as a specialist centre to provide a wide range of reinsurance services, including bespoke risk-transfer solutions and prudent underwriting solutions among other value added services, according to a statement by DIFC.
The Financial Centre is a top insurance and reinsurance hub with over 75 firms, more than 200 underwriters and premiums worth $1.27 billion.
