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  • DIFC Delivers Record 23 Per Cent YoY Growth In Underwriting Volumes Reaching An Annual USD 2.6bn In Gross Written Premiums

    Date 28/04/2024

    • DIFC records highest gross written premiums in its 20-year history at close to USD 2.6bn in 2023, up 23 per cent from USD 2.1bn in 2022.
    • Premium brokered in DIFC crossed USD 2bn in 2023, up 61 per cent from USD 1.2bn in 2022.
    • 20-year record high consolidates DIFC’s position as principal global insurance and reinsurance hub.
    • Centre marks 20 per cent year-on-year registration growth in insurance and reinsurance firms establishing in DIFC. 
    • Demand drives significant Managing General Agent (MGA) and reinsurance broking growth.
    • DIFC to co-host the Dubai World Insurance Congress (DWIC) on 29-30 April at Atlantis, The Palm.

  • Cancelled — CFTC Open Meeting For April 29

    Date 27/04/2024

    The Commodity Futures Trading Commission Open Meeting scheduled for Monday, April 29, 2024 has been cancelled. The matters under consideration are being resolved through the Commission’s seriatim process.

  • CFTC Commitments Of Traders Reports Update

    Date 26/04/2024

    The current reports for the week of April 23, 2024 are now available. Report data is also available in the CFTC Public Reporting Environment (PRE), which allows users to search, filter, customize and download report data.

  • CFTC Commissioner Goldsmith Romero To Participate In Roundtable On Derivatives And Climate

    Date 26/04/2024

    WHAT:

    Commissioner Christy Goldsmith Romero will participate virtually in an MSCI Sustainability Institute roundtable event on derivatives and climate.

    WHEN:

    Monday, April 29, 2024

    9:00 a.m. – 12:00 p.m. (London/GMT)
    4:00 a.m. – 7:00 a.m. (USA/EDT)

    WHERE:

    MSCI London
    10 Bishops Square
    London E1 6EG

  • Federal Court Orders Unregistered Pool Operator And Its President To Pay Over $11 Million For Forex Fraud

    Date 26/04/2024

    The Commodity Futures Trading Commission today announced Judge Linda V. Parker of the U.S. District Court for the Eastern District of Michigan issued an order of default judgment and a permanent injunction against Darren Robinson, a former resident of Miami, Florida, and his firm The QYU Holdings Inc. (QYUHI), a Wyoming corporation with a purported principal place of business in Dallas, Texas. The order bans Robinson and QYUHI from trading in any CFTC-regulated markets and registering with the CFTC. It also requires them to pay, jointly and severally, $5,923,515.37 in restitution to defrauded victims and a $5,923,515.37 civil monetary penalty in connection with a fraudulent foreign currency (forex) scheme.