Arch Capital Group Ltd. (“Arch”) has announced it will enter the emerging reinsurance market in the Middle East. Gulf Re, a new reinsurer backed by Arch and the government-funded entity Gulf Investment Corp., will be based in the Dubai International Financial Centre and begin underwriting in that region upon receiving regulatory approval. The reinsurer will underwrite a broad range of property/casualty lines of treaty and facultative reinsurance, including aviation, energy, commercial transportation, marine, engineered risk and property.