A delegation from the UAE recently visited the Lloyd’s of London market, one of the oldest and most significant marine insurance markets globally. The purpose of this visit was to enhance bilateral cooperation and exchange expertise with leading international institutions in this vital sector. This initiative aligns with the UAE’s efforts to boost its global competitiveness in maritime transport and insurance.
The delegation was led by Eng. Hissa Ahmed Al Malek, the advisor to the Minister of Energy and Infrastructure for maritime transport. It included senior officials from Fujairah Port, Sharjah Ports, and Ras Al Khaimah Ports, along with specialists in shipping and marine insurance.
The visit aimed to discuss means of strengthening collaboration in marine and reinsurance sectors while exploring partnership opportunities with Lloyd’s of London. The focus was on developing innovative solutions for risk management in maritime activities, aligning with global trade changes, and contributing to the resilience and sustainability of supply chains.
Eng. Hissa Al Malek emphasized that the UAE has a comprehensive maritime system that ranks among the most advanced in the region. She reiterated the country’s commitment to developing maritime policies and regulations that meet the highest international standards.
She also highlighted the visit as a critical step towards establishing strong relationships with major marine insurance institutions. The intent is to leverage their expertise to foster the national marine insurance market and stimulate the maritime business environment in the country. Al Malek underscored the importance of creating a sustainable cooperation model that supports the UAE’s ambitions for global leadership in maritime and logistics services.
During the visit, the delegation gained insights into the operational mechanisms at Lloyd’s and participated in field tours, engaging with several leading experts and decision-makers in the market.