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News - Takaful Re starts operations at DIFC.

Europe Intelligence Wire

| February 01, 2006 | COPYRIGHT 2006 Financial Times Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

(From Reinsurance)

Takaful Re has been licensed by Dubai Financial Services Authority (DFSA) to operate from the Dubai International Financial Centre (DIFC).

Dr Omar Bin Sulaiman, director-general of the DIFC Authority, said, "This is a significant announcement for DIFC, especially when we already have some major international insurance companies located here. We welcome Takaful Re, the newly formed retakaful company, to the DIFC.

"The DIFC is committed to actively promoting the growth and development ...

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