Qatar Insurance Company (QIC) News

QIC Global Names van der Straaten as Chief Executive Officer

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 Straaten will remain CEO of Qatar Re. Joe …

Al Mannai Appointed Group CEO of Qatar Insurance Group

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 the insurance industry arena, both …

S&P Revises Qatar Insurance Outlook on Financial Risks from $308M Markerstudy Loan

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 Markerstudy’s subsidiaries in 2018, it also purchased the parent-related …

Insurtech MGA Wrisk Gets UK Regulatory Authorization

On the heels of its recent successful crowdfunding raise, the app-based insurtech managing general agent Wrisk has made another major step forward, receiving full authorization from the UK’s Financial Conduct Authority. At the same time being formally admitted into the …

Qatar Insurance Subsidiary Reaffirms London Commitment with New HQ

A Qatar Insurance Co. SAQ unit has signed a lease for a new headquarters close to the Lloyd’s of London insurance market, which is more than twice the size of the company’s existing premises. Antares Underwriting Services Ltd., acquired by …

Qatar Insurance Weighs Bond Issue to Raise Capital Reserves: Sources

Qatar Insurance Co. (QIC) plans a bond issue to boost its capital reserves, sources familiar with the matter told Reuters on Thursday. It would be the first perpetual bond to be issued by the insurance sector in the Gulf. Qatar’s …

Antares Launches Casualty Treaty Division with Appointment of Jarman

London-based Antares, a member of the QIC Group, has launched a casualty treaty offering with the appointment of Neil Jarman as casualty treaty manager. Jarman takes up his new role with immediate effect, reporting to Kieran Oliver, non marine underwriting …

Qatar Insurance Posts 20% Premium Rise for 1st 9 Months of 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 also posted a …

Qatar Insurance Co. Posts 28% Q1 GWP Growth to $527 Million

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, declined by 12 …