November 13, 2015
International General Insurance Holdings (IGIH)* has appointed Chris Mauduit as head of professional indemnity (PI) at its London business IGI UK. Mauduit has 35 years’ experience and joins from Catlin where he worked since 2003, setting up the company’s PI …
May 19, 2015
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 …
March 11, 2015
Lloyd’s has opened a new specialist underwriting platform in Dubai to provide tailored risk solutions across the Middle East. This brings the number of Lloyd’s businesses trading in the Dubai International Financial Centre to nine – Amlin, Argo Re, Beazley, …
February 11, 2015
Arch Capital Group Ltd., a Bermuda-based insurance and reinsurance company, reports that net income available to Arch common shareholders for the 2014 fourth quarter was $209.7 million, or $1.60 per share, compared to $156.0 million, or $1.14 per share, for …
December 1, 2014
Arch Reinsurance Ltd. has announced a number of strategic initiatives to provide additional support to Gulf Reinsurance Ltd., a specialty reinsurer based in the Dubai International Financial Centre, founded jointly by Arch and Gulf Investment Corporation (GIC) in 2008. Arch …
January 9, 2013
Dubai is launching a drive to develop its Islamic business sector, aiming to attract fresh investment from the Middle East and south-east Asia, the emirate’s ruler said on Wednesday. The government will promote Islamic banking and insurance, Islamic financial products …
February 23, 2012
The Dubai International Financial Centre (DIFC), the United Arab Emirates’ financial hub, expects to permit transactions in Chinese yuan from this year, industry sources told Reuters on Thursday. The change would represent an important step in China’s drive to encourage …