Qatar General Insurance and Reinsurance Company has disclosed the resignation of Faleh Mohammed H A Al-Nasr from the membership of its Board of Directors.
The company assured that the resignation was due to personal reasons.
The Board of Directors and the Executive Management expressed their gratitude and appreciation to Faleh Mohammed H A Al-Nasr ahead of his departure.
They praised the “valuable efforts and contributions” made during his membership in the Board of Directors.
Qatar General Insurance and Reinsurance Company has been viewed as facing some financial difficulties in recent years.
In particular, a material deterioration in the company’s risk-adjusted capitalisation was cited as a reason behind a ratings downgrade and negative outlook from AM Best last year.
