QIC Global, the international specialty insurance and reinsurance division of Qatar Insurance Group, has named Michael van der Straaten as Chief Executive Officer (CEO) of QIC Global (International), effective March 1st, 2020.
Alongside his new appointment, van der Straaten will continue to serve as CEO of Qatar Re. Joe Battle, who serves as CEO of Antares, QIC Global’s Lloyd’s entity, will report to van der Straaten.
Furthermore, Sunil Talwar will continue to serve as QIC Global Chairman.
van der Straaten has served as Qatar Re’s CEO since January 2019, and brings more than 35 years of industry experience to his new role. Throughout his career in the industry, he has held numerous senior roles at Canopius Group, Chubb, and QIC Europe.
Commenting on van der Straaten’s appointment, Talwar said: “Qatar Re and Antares are both poised for long-term growth, with an established operational platform in QIC Global and the firm financial backing of QIC Group. Mike has overseen the transformation of Qatar Re into a global multi-line reinsurer with a sustainable, profitable portfolio of business and we are very pleased he will be leading QIC Global into the next phase of its expansion.”
van der Straaten added: “Antares and Qatar Re are both fantastic underwriting platforms, with a diverse range of income streams, a wealth of talent and established reputations at Lloyd’s and internationally. With market conditions improving markedly, I look forward to working with Joe and Sunil to grow the business further.”
