Latest Qatarinsurance Headlines
All the headlines from our Qatarinsurance Topic Page, ordered by recency.
Lloyd’s Insurer Antares Names Campbell as Head of Specialty, Succeeding Taylor
May 14 2020 // Antares, the Lloyd’s managing agent and subsidiary of QIC Global, announced the appointment of Martin Campbell as head of Specialty at Antares Syndicate 1274, effective May 12, 2020. Reporting to Alexander Craggs,...
QIC Global Names van der Straaten as Chief Executive Officer
Feb 26 2020 // QIC Global, the specialty insurance and reinsurance subsidiary of Qatar Insurance Group, announced the appointment of Michael van der Straaten, as CEO of QIC Global (International), effective March 1, 2020. van der...
Al Mannai Appointed Group CEO of Qatar Insurance Group
Jan 15 2020 // Salem Khalaf Al Mannai has been appointed group CEO of Qatar Insurance Group, effective Jan. 1, 2020. Al Mannai has been instrumental in bringing innovative solutions to cement the group’s position as a pioneer in...
S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan
Nov 25 2019 // S&P Global Ratings said it revised its outlook on Qatar Insurance Co. S.A.Q. (QIC) to negative from stable, although it has affirmed the group’s “A” rating. When QIC acquired four of...
Qatar Re CEO Saacke to Step Down with Interim Leader Named
Jan 29 2019 // Qatar Re said that CEO and Executive Director Gunther Saacke would be stepping down from both roles in March, at the company’s next board meeting. He’ll stay on for the transition and depart later in 2019, the...
Qatar Re Ceases Writing Business from Singapore Branch Office
Jul 26 2018 // Qatar Reinsurance Co. Ltd. has announced that, with effect from 20 July 2018, it has ceased writing new and renewal business from its branch office in Singapore. The company will work closely with its Singapore-based...
Qatar Re to Stop Writing, Renewing Facultative Business in Dubai
Jun 8 2018 // Qatar Reinsurance Co. Ltd. (Qatar Re) has announced it will suspend the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre. However, facultative coverage...
Qatar Re Authorized by UK Regulator to Underwrite from London Branch Office
Jan 11 2018 // Qatar Reinsurance Co. Ltd. announced it has received authorization from the UK Prudential Regulation Authority to underwrite business from its branch office in London. Michael van der Straaten will lead the branch, in...
Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar
Jan 3 2018 // Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and...
Singapore Approves Qatar Re Branch Licence
Oct 4 2016 // Qatar Re said that the Monetary Authority of Singapore has granted the company a licence to operate a branch office in Singapore. The licence became effective as of 3 October 2016. Micky Lee, previously in charge of Qatar...
Qatar Re Granted License by Dubai Financial Services Authority
Dec 16 2015 // Qatar Reinsurance Company Limited (Qatar Re) announced that the Dubai Financial Services Authority (DFSA) has granted the firm a license to operate in and from the Dubai International Financial Centre (DIFC), which became...
Qatar Insurance Posts 20% Premium Rise for 1st 9 Months of 2015
Oct 26 2015 // Qatar Insurance Company (QIC), the parent company of Qatar Re and Antares, has announced that for the first nine months of 2015 its gross written premiums increased by 20 percent from $1.23 billion to $1.48 billion. It...
Qatar Re to Change Corporate Domicile to Bermuda
Sep 1 2015 // Qatar Reinsurance Company LLC (Qatar Re) has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the fourth quarter of 2015. The move is subject to regulatory...
Qatar Insurance Co. Posts 28% Q1 GWP Growth to $527 Million
Apr 22 2015 // The Qatar Insurance Company (QIC) posted strong growth in the first quarter of 2014 with gross written premiums rising 28 percent to $527 million, comparted to $412 million in Q1 2013. Net income for the period, however,...
Qatar Re Reports 60% GWP Increase; $16 Million Net Income
Apr 20 2015 // Qatar Re reported net income of $16 million in 2014, compared to $0.5 million in the previous year, just two years after the Company’s strategic repositioning as a global reinsurer. Gross written premiums increased...
Qatar Re Appoints Speare-Cole Chief Underwriting Officer
Jan 8 2015 // Qatar Re announced the appointment of Alastair Speare-Cole as Chief Underwriting Officer, effective, January 12, 2015. He joins from JLT Re, the world’s fourth largest reinsurance broker, where he served as CEO since...
Ratings Recap: Lancashire, Qatar Insurance, Tunis Re
Jul 11 2014 // A.M. Best has commented that the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings of “a” of Qatar Insurance Company S.A.Q. (QIC) and its main subsidiaries remain unchanged...
Rappaz to Head Qatar Re’s Global Liability Operations
Jul 9 2014 // Doha-based Qatar Re has announced the appointment of Stephan Rappaz as Global Head of Liability, effective December 1, 2014. Rappaz joins from New Re where, most recently, he was Head of Casualty Underwriting. Prior...
Q-Re Renamed as Qatar Re
Apr 29 2014 // Doha-based Q-Re LLC announced that it has changed its legal name to Qatar Reinsurance Company LLC, and will henceforth trade as Qatar Re. Gunther Saacke, CEO of Qatar Re said: “Over the course of the past 18 months...
Qatar Insurance Company Enters Lloyd’s Market with Antares Acquisition
Feb 13 2014 // Qatar Insurance Company SAQ (QIC) announced that it has reached agreement to acquire the entire share capital of Antares Holdings Limited, together with its subsidiaries, a specialist insurer and reinsurer operating in the...
