Reinsurance News
DIFC
DIFC and Lloyd’s partner to develop future talent in the insurance sector
22nd January 2025
DIFC Academy, the educational platform of the Dubai International Financial Centre (DIFC), has signed a Memorandum of Understanding (MoU) with the specialist Lloyd’s re/insurance marketplace to support the development of future talent in the insurance sector. This partnership will expand the reach of Lloyd’s Academy, an educational platform for risk professionals ... Read the full article
Dubai’s DIFC continues to strengthen its re/insurance capabilities: Arif Amiri
21st May 2024
Arif Amiri, CEO of the Dubai International Financial Centre (DIFC) Authority, provides insights into the reinsurance industry. From the expanding opportunities in the MEASA region to the emergence of Managing General Agents (MGAs), Amiri explores key developments influencing the industry. “Players within the insurance value chain are experiencing a surge in ... Read the full article
Dubai’s DIFC records highest GWP in its history at almost $2.6bn in 2023
29th April 2024
The Dubai International Financial Centre (DIFC) has reported the highest gross written premiums (GWP) in its history at close to $2.6 billion in 2023, an increase of 23% on the prior year's $2.1 billion. Alongside the highest GWP in 20 years, the DIFC also saw a 20% rise in registration of ... Read the full article
Dubai DIFC continues to attract new re/insurers, on track for 20% annual growth
18th September 2023
The Dubai International Financial Centre (DIFC) has granted several licenses to insurance and reinsurance firms in recent months, with the sector on track for 20% year-on-year growth. In the first half of the year, gross written premiums rose 18% on H1 2022 and 34% on H1 2021 to USD 1.2 billion, ... Read the full article
Volante targets Middle East growth with DIFC launch
20th October 2022
Volante Global, an international managing general agent platform and Lloyd’s Syndicate, has announced the launch of Volante (DIFC) at Dubai International Financial Centre (DIFC), the global financial centre in the Middle East, Africa and South Asia (MEASA) region. Having received regulatory approval from the local regulator, Volante (DIFC) will offer reinsurance ... Read the full article
DIFC achieves growth targets three years early
22nd February 2022
The Dubai International Financial Centre (DIFC) says it has achieved its 2024 Strategy growth targets three years ahead of schedule, after seeing a record 996 company registrations last year. The 36% YoY growth in company numbers is triple the average reported by the DIFC across the last decade. The total number of ... Read the full article
Gen Re opens new office at the DIFC
15th November 2021
General Reinsurance AG (Gen Re) has bolstered its presence in the Middle East with the launch of a new office at the Dubai International Financial Centre (DIFC). The launch makes Gen Re the second insurer owned by Berkshire Hathaway to expand its presence in the region. Gen Re has been granted a ... Read the full article
Oman Insurance Company approved for DIFC syndicate-in-a-box
29th September 2021
Oman Insurance Company (OIC) and Asta, the leading third-party managing agent at Lloyd’s, have been granted ‘in-principle’ approval from Lloyd’s to launch Syndicate 2880 under the Syndicate-in-a-Box initiative (SIAB). The syndicate will operate on the Lloyd’s platform under the Dubai International Financial Centre (DIFC). Dubai-based insurer OIC will provide lead and follow ... Read the full article
EC3 Brokers announce award for DIFC Master Health Insurance Scheme
6th October 2020
Reinsurance broker, EC3 Brokers MEA recently announced that Abu Dhabi National Insurance Company has been awarded the DIFC Master Health Insurance Scheme. The scheme is in partnership with the Dubai International Financial Centre Authority (DIFCA) and becomes effective on 1st October.The purpose of it is to provide cost-effective health insurance ... Read the full article
DIFC premium growth reaches new high in 2019
8th June 2020
The Dubai International Financial Centre (DIFC), the leading financial hub in the Middle East, Africa and Southeast Asia, has revealed that the sector grew by 17.4% in 2019. Annual growth of more than 17% represents the highest volume of premiums ever written in the marketplace, reinforcing the DIFC's position as a ... Read the full article
Arig launches new reinsurance subsidiary, AIM in Dubai
2nd March 2017
Bahrain domiciled treaty and facultative reinsurance provider, Arig, has received a licence from the Dubai Financial Services Authority (DFSA) to launch its wholly owned reinsurance subsidiary, Arig Insurance Management Limtied (AIM) in the Dubai International Financial Centre (DIFC). The reinsurer has announced that AIM will mainly focus on facultative specialty lines of business ... Read the full article
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