Insure Direct eyes strategic plans for marine, energy and construction insurance
Alliance with Independent Risk Solutions strengthens groups’ reach across key sectors
Insure Direct (Brokers) LLC, Dubai-based leading supplier of insurance broking services, is set to forge rapidly into key new sectors including marine, energy, construction and related liability insurances following an impressive start to its new European alliance.
The company established a firm footing in the sectors under focus after its recent merger with Independent Risk Solutions BV (IRS), specialist brokerage firm based in Rotterdam, the Netherlands. The strategy to maximise its new market reach lays emphasis on flexible, industry specific products.
The merger brought together Insure Direct’s leading edge and expanding footprint in the Middle East and IRS BV’s strength in high net worth areas such as marine and energy-related industries in the Netherlands.
Kenneth Maw, CEO of Insure Direct, said:
“We are now in a position to define new products that our expanded operational sectors demand. The merger with Independent Risk Solutions BV was well timed to sustain the momentum of Insure Direct’s growth pace. It has brought IRS BV’s considerable technical sector knowledge, global client base and an independent corporate infrastructure, adding strategic depth to Insure Direct’s growth plans.”
Ruud Jonker, on behalf of the three partners of IRS BV, said:
“IRS BV has strong fundamentals to provide exceptional insurance and reinsurance solutions. We offer integral transparency to everything we do and our team of professionals delivers cost-effective and comprehensive risk transfer and advisory solutions. We believe the merger with a prestigious broking company like Insure Direct will further strengthen our worldwide service network and provide us both with a platform for further growth in the global arena.”
The alliance, announced in November 2009 and retro-active from January 1, 2009, was concluded in Dubai and Rotterdam simultaneously with the signing of the merger papers by the shareholders of both Insure Direct, and IRS BV.
IRS BV, founded in 1999 and located in Rotterdam’s historic harbour, has been delivering independent broking services and solutions to clients around the world. It specialises in providing end-to-end insurance coverage to the marine industry, the oil & gas sector, and major on- and off-shore construction projects, in addition to offering a wide variety of liability insurances.
Insure Direct (Brokers) LLC provides insurance broking services operating from Dubai in the United Arab Emirates. Its client portfolio is spread across the Middle East with offices and representation in Dubai, Jebel Ali, Abu Dhabi, Bahrain & Qatar. With the addition of Rotterdam, the expanded insurance group intends to undertake a rebranding exercise early 2010.
