Financial Institutions | Gallagher Dubai

Gallagher meets your risk management challenges with a comprehensive suite of products, supported by more than a decade of experience and market influence in the Middle East and Africa (MEA). We’re dedicated to meeting your current needs while keeping our eyes on the horizon, watching for the next series of risks.

Tailored coverage for better risk control

Financial institutions face a unique range of risks every day, arising from evolving technology, workforce turnover and remote working, government oversight, mergers and acquisitions, and from the unrelenting pace of change in the financial industry.

Professional advice and support from an experienced broker are key for risk management teams in helping confirm the adequacy of their insurance programme to the board and stakeholders, for businesses in the Middle East.

Our team can help ensure you comply with regulatory obligations by bringing their experience and knowledge from working across the entire spectrum of financial institutions operating in Dubai and the MEA region.

Our experienced client service team is supported by our regional Specialty broking hub and its dedicated Financial Lines practice, staffed by technical and placement specialists with over 50 years combined experience in region across product lines including, but not limited to:

Banker's blanket bonds (BBB)
Professional Indemnity (PI)
Directors and Officers (D&O) Liability
Privacy and network security (Cyber)
Employment Practices Liability (EPL)
Plastic Card insurance
Structured Credit & Political Risk solutions, including securing risk capital relief

Comprehensive programmes and exceptional service

Our proven methodologies and coverage options are designed to be flexible enough to meet the needs of all members of the finance community across the region. We work with everyone from asset and wealth management firms, banks, fintech companies and hedge funds through to mortgage brokers, insurance brokers, private equity companies, trusts and many other variations of financial institutions in between. Our holistic service to clients includes:

Consultancy and programme development

To provide clarity on the breadth of cover and opportunity to achieve greater certainty of payment in the event of a loss/claim likely to affect our client, including through:

Risk mapping
Cyber risk assessment
Peer group benchmarking

Placement and transfer of risk

To secure the enhancements identified at the most competitive rates from (re)insurance partners with security ratings acceptable to our client, including through:

Placement: the accurate presentation of the risk and negotiation with global markets, as a Lloyds Licensed broker.
Claims: preparation for and management of insurance claim from first notification through to settlement

Servicing of the programme

To ensure the performance of the programme, ongoing consultancy regarding any change in risk or requirement, colleague training and provision of latest market updates.

In region, Gallagher provides its retail service through ACE Gallagher, an entity first established 70 years ago with 16 retail offices across Saudi Arabia, United Arab Emirates, Bahrain, Kuwait, Oman, Lebanon and Greece.