Dubai: Sun Life, a prominent provider of high-net-worth insurance solutions, has announced its intent to establish operations in the Dubai International Financial Centre (DIFC) after obtaining necessary authorisation from the Dubai Financial Services Authority. The company plans to launch its operations from the DIFC office by December.
According to Emirates News Agency, Sujoy Ghosh, CEO of Sun Life High Net Worth, emphasized the strategic importance of this expansion, highlighting that it brings the company closer to its partners in the region while reinforcing its status as a leading global provider of HNW insurance. Ghosh noted that Sun Life's expertise and comprehensive solutions make it a preferred partner for high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals aiming to safeguard and enhance their wealth across generations.
Arif Amiri, CEO of DIFC Authority, expressed confidence in Sun Life's decision to expand its regional presence. He pointed out that the legal and regulatory framework, along with tax efficiency and modern infrastructure at DIFC, provides Sun Life an advantageous position to tap into emerging markets from the Centre. Amiri highlighted the company's global reach and robust financial strength, which will enable HNW and UHNW clients in the region to secure and grow their wealth effectively.