Re/insurance managing general agent Rokstone has secured a regulatory licence from the Dubai Financial Services Authority, enabling it to set up shop within the Dubai International Financial Centre. Rokstone said the move would enable it to capture regional business in the region that is not currently coming to London.

James Potter, CEO of Rokstone, said: “We are excited to officially launch our Dubai office, expanding our MGA model to MENA. Dubai and the DIFC are a growing and thriving regional hub which opens up new distribution to regional markets. There is a good talent base there and a well-connected transport hub for the region.

“With its current favourable economic policy, high level of investment, and demand for high quality reinsurance underwriting, Dubai is well suited to an established, yet nimble MGA like Rokstone.”