Dubai News

Poll: Climate Change Concerns Grow, but Few Believe Biden’s Climate Law Will Help

A poll from the Associated Press-NORC Center for Public Affairs Research shows 45% of U.S. adults say they have become more concerned about climate change over the past year (six-in-10 Democrats and one-quarter of Republicans). However, the poll shows now …

BHSI Expands Team in Dubai with Product Line, Service Appointments

Berkshire Hathaway Specialty Insurance Co. (BHSI) announced that it has further expanded its leadership team in the Dubai International Financial Centre (DIFC), with the appointment of executives to fill key product line and service posts. “Building a strong foundation of …

Lloyd’s Coverholder, Arma Underwriting, Launches in Dubai with MENA Focus

Asta, the Lloyd’s third party managing agent and specialist MGA investor, announced that Dubai-based Arma Underwriting Ltd. has received full approval from all regulators and commenced operations last month. Asta-backed Arma is an approved Lloyd’s coverholder that writes multi-line re/insurance …

Talbot Launches Enhanced Terror Facilities for Singapore, LatAm, Dubai

Talbot Underwriting Ltd., a wholly owned subsidiary of Validus Holdings Ltd., announced the launch of three enhanced Lloyd’s-led terror facilities in the Singapore, Latin American and Dubai markets. In response to the increasing demand for this distinctive coverage, these facilities …

StarStone Partners with Dubai-Based MGA; Swiss Re’s Hussey Appointed

StarStone, the global specialty insurer and subsidiary of Enstar Group Ltd., announced a joint venture partnership with Malakite Underwriting Partners Ltd., a managing general agent in Dubai, subject to regulatory approval. Led by managing partner Giles Hussey, Malakite will target …

Dubai International Financial Centre Grows 16%, Despite Economic Slowdown

Dubai International Financial Centre said the number of companies based in the hub rose 16 percent during the first half even as lower oil prices and slowing economic growth forced some banks in the United Arab Emirates to cut jobs. …

Aspen Re Opens Dubai Hub; Senior Appointments Announced

Aspen Insurance Holdings Ltd. announced that its reinsurance segment, Aspen Re, has opened a new hub for the Middle East and Africa in Dubai. The establishment of a reinsurance hub in Dubai is consistent with Aspen Re’s strategy of maximizing …

International General Insurance Appoints Curtis as CFO in UK

International General Insurance Holdings (IGIH) appoints Simon Curtis as chief financial officer at its IGI UK business in London as part of moves to grow the UK operation. Curtis has more than 20 years’ experience in accountancy and insurance, most …

QBE Europe to Grow Middle East Casualty Business; Parfitt Appointed

QBE European Operations has announced plans to grow its casualty business in the MENA region. Laetitia Parfitt joined the team in Dubai this week as senior casualty underwriter. Parfitt will be responsible for developing QBE’s casualty portfolio in the region …

Arch Reinsurance Completes Acquisition of Dubai’s Gulf Re

Bermuda-based Arch Reinsurance Ltd., a member of Arch Capital Group Ltd., has completed the acquisition of Gulf Reinsurance Ltd. Gulf Re, a specialty reinsurer based in the Dubai International Financial Centre, was founded jointly by Arch and the Gulf Investment …