Manulife Expands to the Middle East
A new office in Dubai positions Manulife as the first international high-net-worth insurer in DIFC with a Category 4 license, empowering it to advise and arrange on life insurance contracts dedicated to serving the wealth and insurance needs in the Middle East.
Manulife opened an office in the Dubai International Financial Centre (DIFC), marking a significant expansion of its global high net worth (HNW) business, the firm announced on Tuesday.
This initiative highlights Manulife's dedication to the rapidly growing HNW and ultra-high net worth (UHNW) markets. The DIFC office will act as a pivotal hub for delivering Manulife's insurance solutions to HNW and UHNW clients in the region.
Tailored Protection
«This office is a gateway to providing our HNW and UHNW clients with innovative products and personalised experiences», Jean Wong, CEO of Manulife Global High Net Worth, said.
With more than two decades of experience, Manulife combines the expertise of teams from Bermuda, Hong Kong and Singapore to offer tailored protection and savings solutions and better serve clients in over 150 countries through the international HNW brokerage channel.
Sophisticated Wealth Accumulation
Manulife sees considerable growth opportunities in the market, as the global HNW and UHNW segments collectively hold nearly $80 trillion in wealth, with global wealth projected to rise by 38 percent over the next five years. Manulife’s presence in DIFC positions the company to capitalize on this growth while reinforcing its leadership in a market where the demand for sophisticated wealth accumulation, legacy planning, and risk mitigation solutions is expanding rapidly.
In recent years, DIFC has become the region’s global hub for insurance and insurance. At the end of 2024, DIFC clients included 125 insurance and reinsurance-related companies.
