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UAE Delegation Visits Lloyd’s to Boost Maritime Insurance Ties
A UAE delegation recently visited Lloyd’s of London, the world’s leading insurance market, with the aim of enhancing the country’s global competitiveness in maritime transport and insurance.
The delegation was headed by Eng. Hessa Al Malek, Advisor to the Minister of Energy and Infrastructure for Maritime Transport Affairs, and included high-level representatives of port authorities in Fujairah, Sharjah and Ras Al Khaimah, as well as maritime shipping and insurance experts.
During the visit, the two sides explored ways to enhance cooperation in maritime insurance and re-insurance and in developing innovative maritime risk management solutions. During the meetings Al Malek underlined the fact that the UAE possesses an integrated maritime ecosystem, and that the country continues to enhance its maritime policies and legislation in line with international standards.
Al Malek commented, “The visit to Lloyd’s of London represents a pivotal step in our efforts to build a strong network of relationships with leading global maritime insurance institutions and to benefit from their expertise in developing the national maritime insurance market and stimulating the maritime business environment in the UAE.”
She also emphasised the importance of establishing a sustainable model of cooperation that supports the UAE’s aspirations for global leadership in maritime and logistics services.
