Reinsurance News
Qatar Re
Reinsurance driving international growth at Qatar Insurance Company (QIC)
16th June 2017
Qatar Insurance Company (QIC) has highlighted the strong performance and growth of its reinsurance business, Qatar Re and its Lloyd's platform, Antares, as significant drivers of its international expansion and diversification. QIC's Board of Directors recently held its fourth meeting, chaired by Sheikh Khalid bin Mohammed bin Ali al-Thani, Chairman of ... Read the full article
Qatar Re reported bidding on UK motor insurer
12th June 2017
Sky News has reported that Bermuda domiciled reinsurer Qatar Re, part of the Qatar Insurance Company (QIC), has joined forces with another investor to make a £500 million bid for a UK motor insurance group. Qatar Re is reported to have aligned itself with U.S. based private equity investment ... Read the full article
QIC’s underwriting result down as reinsurance unit takes $31mn Ogden hit
27th April 2017
The Qatar Insurance Company (QIC) has revealed that Qatar Re, its reinsurance subsidiary, took an approximate $31 million profit hit in the first-quarter of 2017 as a result of the cut to the Ogden discount rate in the UK, resulting in a lower Group net underwriting result for the period. QIC ... Read the full article
Qatar General Insurance and Reinsurance to focus on real estate expansion
22nd March 2017
Qatar General Insurance and Reinsurance Company (QGIRCO) announced a strategic focus on real estate insurance expansion in an Annual General Assembly (AGM) meeting yesterday at Doha Mariott Hotel, Qatar. Addressing shareholders at the AGM, Chairman of QGIRCO, Sheikh Nasser bin Ali bin Saud Al Thani, said; "Our main objective is to ... Read the full article
Qatar Re capitalisation passes the $1 billion mark
15th March 2017
Bermuda domiciled reinsurance firm hailed the completion of its recent significantly oversubscribed $450 million perpetual bond debt issuance today, saying that it takes the reinsurers capital passed the $1 billion mark. Size still does matter in reinsurance, with some cedents continuing to tier their reinsurance panel based on factors such ... Read the full article
Qatar Re positioned well for growth after successful capital raise
9th March 2017
Bermuda headquartered Qatar Reinsurance Co. (Qatar Re), the reinsurance subsidiary of Qatar Insurance Co. (QIC), has said the successful completion of its significantly oversubscribed $450 million perpetual bond debt issuance positions it well for future expansion. The issue attracted more than 290 orders for more than $6.5 billion, oversubscribing by roughly ... Read the full article
Qatar Re raises $450 million with perpetual bond issue
7th March 2017
The reinsurance subsidiary of Qatar Insurance Co., Qatar Reinsurance Co. (Qatar Re) which is headquartered in Bermuda, has successfully raised $450 million through a debt issuance in the form of a perpetual bond, a move that will help the firm expand further. Qatar Re is the first Gulf region owned re/insurer ... Read the full article
We’re not a market tracking reinsurer – Qatar Re
24th February 2017
In the challenging global reinsurance market differentiation is key and Qatar Re is pitching itself as a reinsurer that doesn't follow market norms. Qatar Re wants to be seen as different, as a reinsurer that is able to pick and choose its specialist opportunities in order to outperform the sector, and ... Read the full article
Qatar Re promotes two to chief underwriting officer positions
16th February 2017
Reinsurer Qatar Re has promoted two internal candidates to short and long-tail Chief Underwriting Officer (CUO) positions, as it replaces the departing Alastair Speare-Cole who resigned this month. Luke Roden has been named CUO - Short Tail Classes and will also remain in charge of reinsurance buying as Head of Ceded ... Read the full article
Qatar Re expansion helps QIC diversify internationally
30th January 2017
The continued international expansion of reinsurance firm Qatar Re has helped its parent QIC Group take its international premiums underwritten to 70% of the total business at the firm. Reporting its results today, QIC Group said that 2016 saw an ongoing expansion of its Qatar Re reinsurance business, as well as ... Read the full article
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