Arch Re launches Dubai-based underwriter

Arch Re has launched Arch Reinsurance (Gulf) Limited (AUGL), to be
based at the Dubai International Financial Center (DIFC), subject
to regulatory approval.
The business will supplement Arch Re's existing operating
entity in the DIFC.
In May 2015, Arch Re completed its acquisition of Gulf Re from
its joint venture partner the Gulf Investment Corporation.
As part of that process, Arch Re put a loss portfolio transfer
agreement in place, whereby Arch Re assumed 100 percent of all
liabilities in...