Guardian Wealth Management already has a licence with the Emirates Securities & Commodities Authority (ESCA) but can now access the international companies which are regulated by the Abu Dhabi-headquartered Insurance Authority.
David Howell, Guardian Wealth Management’s chief executive and member of International Adviser’s intermediary panel, said the Insurance Authority had not issued a brokerage licence for eight years.
“We are honoured and delighted to have been granted an insurance brokerage license by the Insurance Authority, Abu Dhabi. It’s been a journey of nearly a year.
“This provides the Guardian group with the opportunity to continue our regional expansion plan throughout the UAE in accordance with our corporate strategy.”
He added that it was in the process of drawing up new agreements with Zurich, Generali and Friends Provident International, which are all regulated by the Insurance Authority.
He also said that the firm would continue to have a licence with ESCA.
In October 2014, the Insurance Authority published, for the first time, a full list of companies it has licensed to conduct insurance business in the country, covering both insurance brokers and insurance providers.
