Prime Highlights :
- Ardonagh Group has launched Axiiem, a new insurtech business focused on digital trading and capacity solutions for the specialty insurance market.
- Axiiem will connect data, distribution, and insurance capacity to improve efficiency for brokers, carriers, and clients.
Key Facts :
- Axiiem was developed in-house over several years and will initially focus on digital trading and capacity solutions in selected markets.
- James Masterton will serve as Executive Chairman of Axiiem while continuing as Chief Executive of Ardonagh Specialty.
Background :
Crown Prince of Dubai Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum has approved a set of new development projects by Dubai Municipality, including a dedicated falcon market, a creek lighting initiative, an AI-powered park design challenge and a new park designed by a Japanese architect.
The Dubai Falcon Market will be the first specialised falcon market of its kind in the region. The project draws its architectural design from the shape of a falcon’s wings and will include retail outlets, a veterinary clinic, spaces for cultural events and visitor services.
The market covers roughly 50,000 square feet and carries an estimated cost of 50 million dirhams, or around 13.61 million dollars.
The Dubai Creek Lighting project will run across 8 kilometres of the creek, covering promenades, heritage markets, building facades and waterfront walkways.
The initiative aims to turn the creek into a night-time destination by bringing its historical and cultural character to life after dark. The project is scheduled for completion in the first quarter of 2027.
Dubai also approved the First AI-Powered Park Design Challenge, described as the first initiative of its kind in the world. The challenge targets designers, university students, researchers and startups working in artificial intelligence, technology and urban design.
Separately, Dubai Municipality announced a tie-up with Japanese architect Kengo Kuma to design the Reservoir Park, his first park project in Dubai. The design blends architectural innovation with local cultural identity.
Sheikh Hamdan said Dubai continued to build transformative urban projects with people and quality of life at the centre of its priorities.