Insure Direct Brokers receiving their award
Insure Direct (Brokers) LLC, a member of end-to-end insurance solutions provider Brokerage World Solutions (BWS) - a Dubai World company - has won the prestigious “Commercial Lines Broker of the Year” award for a second consecutive year at the annual 2011 MENA Insurance Awards.
The award was presented to Kenneth Maw, President & Group CEO, BWS, at a gala lunch, the leading industry magazine and organisers of the awards, on Monday, January 17, and attended by industry leaders from across the MENA region.
Insure Direct (Brokers) LLC was cited for its outstanding abilities in successfully competing against the world’s largest brokers for some of the most prestigious businesses in the Middle East and North Africa region.
Insure Direct (Brokers) LLC was also short-listed among the top three finalists in three other award categories – Reinsurance Broker of the Year and Personal Lines Broker of the Year, and Outstanding Contribution – Individual, for which Mr Maw received the nomination.
Kenneth Maw, CEO, President and Group CEO, Brokerage World Solutions, said:
“The MENA Insurance Award crowns an eventful year for Brokerage World Solutions, when our group expanded operations into new markets and established strategic partnerships. This honour, our second in a row, is especially encouraging for Insure Direct (Brokers) LLC, as we celebrated 10 successful years as insurance and reinsurance specialists in 2010. We owe this success to our innovative team of experts, who worked hard to place us ahead of some of the most accomplished talents in the world. We thank MENA Insurance Awards for this recognition.”
BWS, established in 2010 following the merger of Insure Direct (Brokers) LLC and Independent Risk Solutions BV (IRS) of Rotterdam, is strategically pacing its expansion moves to deliver competitive and quality services in the insurance and reinsurance sectors, both within the region and in the bigger markets of Asia and Europe.
The group provides end-to-end insurance solutions to key industrial sectors, including marine, oil & gas, on- and off-shore construction projects, aviation, financial institutions, professional and specialist risks, as well as individual personal protection.
Its new Marine Insurance initiative, in partnership with Worldwide Broker Network (WBN), the world’s leading organisation of privately held insurance brokers, is designed to enlarge the global footprint of BWS by leveraging its strong fundamentals in the sector.
IRS BV, the group’s Rotterdam-based specialists, is a recognised partner of choice in high net worth areas like marine, energy and construction insurance, as well as a wide variety of liability and contingency related risks. Mr Maw said: “We pursue a market-sensitive business development strategy in order to deliver innovative, cost-effective services and economies of scale to our clients. We now have the ability to challenge the multinational brokers with our proven customer-centric approach, which has earned us enduring win-win relationships with local and international insurers, as well as highly satisfied clients.”
BWS brings under one roof more than 200 years of combined insurance experience and expertise honed in markets as diverse as Europe and the Middle East. By working in partnership with reputed global networks and specialist reinsurance providers, BWS enables clients to benefit from competitive premium levels, with the assurance of appropriate international support where required.