New India Assurance plans regional hub at DIFC

May 29, 2014 2:06 am

New India Assurance Co, one of the oldest insurance firms in the world and wholly-owned by the government of India, has unveiled plans to open its Middle East hub in Dubai International Financial Centre (DIFC), as part of its strategic move to enhance its footprints in the region, Gulf News has reported. The company’s immediate plans include concentrated growth in retail segment on personal lines of business such as health, personal accident and home protection. The DIFC entity will be a coordinator of company’s operations in the Gulf region.