Arig opens new subsidiary in DIFC

Manama : Arig announced it has received license from Dubai Financial Services Authority (DFSA) to operate its wholly owned new reinsurance subsidiary “Arig Insurance Management (DIFC) Limited” (AIM) which will mainly focus on facultative specialty lines with underwriting authority from Arig. Arig also named Jehan Dias as Senior Executive Officer to lead the new subsidiary. Dias is a Swiss national with over 14 years in reinsurance. Prior to joining Arig, he served as Head of Facultative at Gulf Re. Dias is a Graduate of the University of Lausanne with a Master of Science in Business Information Systems.

Commenting on the establishment of AIM, Yassir Albaharna, Arig’s CEO said: “The recent upgrade in our rating along with the physical presence in the DIFC will reinforce Arig’s position on the facultative side which is main target for expansion.”