Arig announced that 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 underwiritng authority from Arig.

The company also announced the appointment of Mr. Jehan Dias as Senior Executive Officer to lead the business operation of the new subsidiary. Mr. Dias is a Swiss national with over 14 years in reinsurance. Prior to joining Arig, he served as Head of Facultative at Gulf Re.