Dubai International Financial Center (DIFC) News

Russian Commodities Traders Relocate to Dubai as Switzerland Tightens Sanctions

Traders of Russian commodities are rushing to set up businesses in Dubai as Switzerland makes it increasingly challenging for them to deal with Moscow. Switzerland has for decades been home to middlemen helping to match Russian producers with buyers all …

Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box

Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under the syndicate-in-a-box (SIAB) initiative and the syndicate will operate on the …

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 …

Aon Benfield Granted Dubai International Financial Center License

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that its Middle East division has been granted a license to operate as an authorized firm in the Dubai International Financial Centre (DIFC). The bulletin said the …