Warren Buffett makes Dubai business debut

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With a net worth of over $87 billion, Warren Buffet, the chairman and CEO of Berkshire Hathaway, also known as “The Oracle of Omaha” is currently the third-richest person in the world.

A business unit of the iconic global investor has opened an office in Dubai in a move to expand Buffett’s Berkshire Hathaway footprints in the Middle East. Soon after obtaining a licence from the Dubai Financial Services Authority, Berkshire Hathaway Specialty Insurance Company (BHSI) opened its office at Dubai International Financial Centre and appointed executives to head Middle East region and Third Party Lines.

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BHSI will provide a suite of specialty and commercial (re)insurance products to its network of brokers and ceding companies with a focus on construction, energy, property, marine, casualty and executive and professional lines.

Source Credit: Khaleej Times


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