Refpoint Insurance obtains licence from UAE authority
as featured in the Khaleej Times
Dubai — Ken Maw, founding partner of Refpoint Holding BVI, has announced that the company has successfully concluded a significant initial Private Equity Capital raise and also finalised investment in its first regional onshore consulting business in the UAE, Refpoint Insurance Consultants LLC (RPIC). RPIC has also obtained clearance from the UAE Insurance Authority and registered the practice within the Insurance Consultants register.
RPIC will be headed by Ken Maw, who has over 36 years of executive management experience in the region. He has previously managed HSBC’s regional insurance brokerage business and more latterly the establishment of Insure direct in 2000, which he built from scratch. Later on, in partnership with Dubai World, he eventually masterminded the sale of the entire insurance brokerage portfolio to the JLT Group in 2013 where he remained as a non-executive director until the close of 2016. After this he established Refpoint.
Besides, RPIC will be able to support the insurance industry for other bespoke advisory services through its extensive global relationships particularly with the provision of specialist Information and IT-related support, mergers and acquisitions or non-executive directorships.
RPIC intends to expand the brand regionally and ultimately look to grow the business internationally and make inroads into this significant market sector.
RPIC fields a highly experienced and knowledgeable team of insurance industry veterans, leveraging diverse backgrounds and stellar track records.
RPIC’s core service offerings will include cost control and insurance portfolio management, including claims support with full transparency on all related insurance expenditure; reinsurance support and alternative risk transfer solutions; and provision of insurance information services, IT offerings and insurance HR support.