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Argo Group establishes insurance operations in DIFC

Argo Group International Holdings, an underwriter of specialty insurance and reinsurance products, has established a locally domiciled insurance operation in the heart of the Dubai International Financial Center (DIFC).

Bermuda-based Argo said its new unit, Argo Re (DIFC), which will serve as Argo Group’s hub for the Middle East and North Africa (MENA) Region, will focus initially on casualty, professional and financial lines insurance.

The product suite to be offered by Argo Group in the MENA Region will consist of a broad range of casualty, professional and financial lines coverages, including major construction projects and energy risks.

The new operation is headed by regional chief underwriting officer Lina Hantas and casualty underwriting manager Samir Hemsi.

In his new role, Hantas will be responsible for building, developing and underwriting the liability book of business for Argo in the Middle East & North Africa region.

Similarly, Hemsi will be responsible for building, developing and underwriting the professional liability and casualty book of business for Argo in Dubai and Jordan.

Argo Group CEO Mark Watson said Dubai represents as growing global financial centers and a local presence there serves to enhance the scale, flexibility and value the firm offer to the customers.