Dubai International Financial Centre announced that Allianz Trade Middle East Limited has opened a new office at DIFC Square, expanding its regional trade credit insurance and risk management operations. The company is regulated by the Dubai Financial Services Authority and licensed to conduct insurance management from its registered DIFC office. Allianz Trade Middle East acts on behalf of Euler Hermes Italy for reinsurance arrangements and works with local fronting partners to provide trade credit insurance across the Gulf Cooperation Council. The new 5,200 square foot office will support regional operations involving more than 70 employees across the company and its designated fronting partners.