Following their successful merger last year, Dubai insurance broker Insure Direct and Rotterdam marine insurance specialist Independent Risk Solutions BV flagged the establishment of a bigger group holding company, Brokerage World Solutions.

BWS aims to present a global platform of optimal-value insurance and risk management solutions for various industries.

BWS, registered in Valletta as a holding company, will handle its Middle East operations through Insure Direct’s Dubai office and regional network.

In the first step towards expanding its European footprint, BWS has launched Brokerage World Solutions UK, which will be jointly owned and managed by London’s Oxygen Holdings, and will operate as appointed representative of Oxygen Insurance Brokers Limited.

BWS UK will focus on specialist areas of the regional market with sector-specific products.

It will also handle the international portfolio for part of Insure Direct’s brokerage programmes for Europe.

Kenneth George Maw, Chief Executive Officer, Brokerage World Solutions, said: “BWS reflects an ambitious global plan borne out of success.”