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Argo Group International Holdings, Ltd. (Nasdaq:AGII), an international underwriter of specialty insurance and reinsurance products, announced that it has established a locally domiciled insurance operation in the heart of the Dubai International Financial Center (DIFC). The new company - Argo Re (DIFC) Ltd. - is a subsidiary of Argo Re, Ltd. in Bermuda, and a fully licensed insurance manager and intermediary in Dubai. The operation, 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. Regional Chief Underwriting Officer Lina Hantas and Casualty Underwriting Manager Samir Hemsi will be leading the operation.
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