XS Global announces new operation in Dubai

DUBAI, July 8, 2024 – Our reinsurance capacity continues to go from strength to strength with the launch of XS Global (DIFC) Limited.

After being granted a full license to operate within the DIFC, XS Global (DIFC) Limited, regulated by the DFSA, will allow us to offer solutions initially to clients in the Natural Resources sectors including upstream, downstream, power generation, and renewable energy in the EMEA, Asia and Asia Pacific Regions.

This new office aligns with our expansion plan and enhances our geographical reach. It provides opportunities to deploy reinsurance capacity directly to corporates and retail brokers through expert, locally-based underwriters.

Stephen Saunders, SEO at XS Global (DIFC) Limited, is leading this new operation. Saunders is a seasoned professional with over 40 years of industry experience. His extensive career includes key roles at renowned insurance companies and Lloyds such as AXIS, QBE and Cigna. The team is supported by Jawad Ghunaim, who has twenty years of experience and was formerly with Zurich and AIG and is now serving as the Chief Underwriting Officer at XS Global (DIFC) Limited. Sana Memon also joins the team, she has over fifteen years of underwriting experience and previously worked at Zurich Insurance.

Dubai: prime location for business in EMEA 

Stephen Saunders has been active in the region for the past 30 years, so his experience will bring a wealth of knowledge to our Dubai operation. “I am thrilled to be leading our projects in Dubai. XS Global is an established MGA with a significant portfolio underwritten through its twelve lines of business, supported by its experienced claims and operations teams. I am looking forward to maximising our platform and deploying our comprehensive reinsurance capacity offerings in the region.” Stephen Saunders explains.