UAE-based reinsurance broker Risk Exchange (riskexchng.com) has entered into a strategic partnership with United States-based global reinsurance broker Clements Worldwide (clements.com) to support Risk Exchange’s growing markets in the Middle East, Africa, and the Indian subcontinent.
Clements Worldwide, a renowned global broker operating since 1947 and Lloyd’s of London coverholder, will use its expertise to help design global insurance programs on behalf of Risk Exchange. Such programs will provide those within the Governmental, International Education, and Humanitarian Aid sectors with a range of insurance solutions tailored to their specific needs.
Working together, Clements and Risk Exchange will build effective relationships, to help widen market access to these custom solutions, expanding the geographical reach and helping to support unique local customer needs.
Aftab Hasan, Risk Exchange, Chairman and CEO, said, “It has been an honor for me to be at the forefront of the insurance and reinsurance sector in the region for a long period. Our sector continues to evolve dynamically, and we are pleased to foster innovation and help forge its forefront by embracing disruptive technology. We would like to take this opportunity to thank all our stakeholders, associates, clients, and colleagues for their diligent and loyal work in providing continued excellence and support to our international clients while the company’s restructuring was in process. We will continue to serve this organization with the same fortitude and serenity with the objective of achieving our desired intention to be recognized as one of the leading professional reinsurance intermediaries in the region. We will continue improving our clients’ experience through our strategic partnership with Clements.”
Tarun Chopra, Clements Worldwide, President and CEO, added, “As a Lloyd’s of London Coverholder, we have a unique suite of insurance products created specifically to cater to the client’s need. In addition to our role as coverholder, we also access the wider global market of insurers, brokers, and affiliates through our established distribution channels. We are very excited about this strategic partnership with Risk Exchange and wish to continue working together, serving a wide variety of multinational industries. Risk Exchange will help Clements better support clients within the Middle East, Africa, and Indian subcontinent.”