MS Amlin launches Dubai Credit and Political Risk offering, appoints Elshiekh as Senior Underwriter

Insurer and reinsurer MS Amlin is further strengthening its presence in the Middle East and North Africa (MENA) region with the launch of a new Credit and Political Risk offering in Dubai.

“Expanding into this class in the MENA region reinforces our commitment to helping clients trade with confidence in this dynamic market, and represents another milestone in the growth journey of our Dubai underwriting hub,” an MS Amlin spokesperson stated.

Osama Elshiekh will be leading the team as Senior Underwriter, and will be reporting to Vipul Gupta, Senior Executive Officer for MS Amlin MENA.

Elshiekh brings close to 15 years of experience to his new role, having most recently served as Senior Underwriter – Credit & Political Risks at The Hartford.

Before his 3-year tenure at The Hartford, the executive spent over eight years working at The Islamic Corporation for the Insurance of Investment and Export Credit (ICIEC).

He started at the ICIEC as an Insurance Underwriter before being appointed Business Development Manager/Insurance Underwriter and later Country Manager – UAE.

Gupta commented: “This launch is another significant milestone in the growth of our Dubai operations and reflects MS Amlin’s broader ambition to expand its global underwriting footprint.

“As MENA’s economies continue to grow, cross-border trade and investment are driving greater demand for credit and political risk coverage. Establishing this new class of business enhances our ability to support clients navigating an increasingly complex geopolitical landscape.

he added: “With his deep expertise and strong market relationships, Osama will be a valuable addition to our team. His appointment underlines our long-term commitment to MENA and to helping clients trade with confidence in this dynamic region.”

Gupta said demand for credit and political risk cover is primarily being driven by the two of the Middle East’s biggest economies – the United Arab Emirates and Saudi Arabia.

As they diversify their economies they create opportunities in sectors like financial services, tourism, and technology, which leads to increased demand for credit and political risk cover from international investors and regional companies, the executive explained.

He also highlighted India and Africa as emerging growth hotspots due to significant foreign investment.

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