Reinsurance News
QIC
QIC’s net profit rises 10% to QAR 806m in 2025
16th February 2026
Qatar Insurance Company (QIC) has reported a net profit of QAR 806 million for the full year 2025, representing a 10% increase compared to 2024. Net profit before the Pillar Two global tax provision increased 19% year over year to QAR 874 million, while net profit attributable to QIC shareholders rose ... Read the full article
QIC Group net profit increases 23%
30th October 2025
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2025, reporting a net profit of QAR 588 million, a 12% increase compared to the same period the year prior. The Group’s net profit before Pillar II global tax provision reached QAR 645 million, a ... Read the full article
QIC reports 17% increase in premiums in H1’25 to QAR 5.7bn
14th August 2025
Qatar Insurance Company (QIC Group) has reported an increase of 17% year on year in gross written premiums (GWP) to QAR 5.7 billion in the first half of 2025, as it continued to enhance the risk diversification of its underwriting portfolio, growing its premiums in personal lines, health, marine and ... Read the full article
Qatar Insurance Group announces partnership with Ooredoo
26th November 2024
Qatar Insurance Group (QIC) and Ooredoo Group have signed a Memorandum of Understanding (MoU) to offer integrated insurance products that deliver innovative, customer-centric insurance solutions, and revolutionise insurance and telecommunications services. This strategic partnership is poised to revolutionize the insurance and telecommunications industries, reinforcing their leadership positions in their respective fields, ... Read the full article
QIC Group sees net profit increase to QAR 525mn in 9M 2024
30th October 2024
Qatar Insurance Company (QIC Group) has announced its financial results for the first nine months of 2024 reporting a net profit of QAR 525 million, a 16% increase compared to the same period the year prior. The global macroeconomic outlook has improved in 2024, with easing inflation rates, getting closer to ... Read the full article
QIC’s net profit reaches QAR 360m in H1’24
19th August 2024
Qatar Insurance Company (QIC), has posted a net profit of QAR 360 million ($98.9 million) for the first half of 2024, representing an 11% increase from QAR 325 million ($89.2 million) from the prior year period. At the same time, the organisation's domestic and Middle East North African (MENA) gross written ... Read the full article
QIC Group reports 11% spike in net profit in Q1’24 results
9th May 2024
Qatar Insurance Company, a large insurer in Qatar and the Middle East North Africa region, has reported a net profit of QAR 194 million (USD 53m) for the first quarter of 2024, compared to QAR 175 million (USD 48m) in Q1 2023. In terms of growth, domestic and MENA operations gross ... Read the full article
QIC 9m net profit soars 445% to QAR 453m
7th November 2023
Qatar Insurance Company (QIC) has reported Net Profits of QAR 453 million for the first nine months of 2023, rising a massive 445% from the same period in 2022. Despite noting an array of challenges in the current market environment, QIC also disclosed net investment results amounting to QAR 681 million ... Read the full article
QIC posts 181% rise in net profit in H1’23
15th August 2023
Qatar Insurance Company (QIC), an insurer for Middle East North African (MENA) region, has reported a net profit of QAR 325 million for the first half of 2023, rising 181% from the same period in 2022. "Throughout the first half of this year, QIC has maintained its strategic focus on expanding ... Read the full article
QIC reports “healthy” 9M profits despite major headwinds
27th October 2022
Qatar Insurance Company (QIC), an insurer for Middle East North African (MENA) region, has reported a net profit of QAR 571 million from continuing operations for the first nine months of 2022, and underwriting income of QAR 272 million. Khalifa Abdulla Turki Al Subaey, Chairman and Managing Director of QIC, noted ... Read the full article
Antares receives Lloyd’s approval for 16% stamp increase in 2023
26th October 2022
QIC subsidiary Antares Managing Agency has announced that Antares Syndicate 1274’s 2023 business plan has received formal approval from the Lloyd’s Capital and Planning Group. Syndicate 1274’s Syndicate Business Forecast includes a 16% increase in stamp capacity for 2023 from £310mn to £360mn. The increase reflects the current market environment, says Antares, ... Read the full article
QIC Global to align core companies under Antares name
30th September 2022
Specialty re/insurer QIC Global, the subsidiary of Qatar Insurance Group, has announced its intention to align its core companies under the Antares name, creating a single identity to unify the brand across respective entities. According to the announcement, the Antares brand - the name of QIC Global’s London and Asia-based Lloyd’s ... Read the full article
Antares tops JP Morgan’s Lloyd’s Peer Analysis for investment performance
28th September 2022
QIC Group subsidiary Antares has announced that Antares Syndicate 1274 has been ranked first for investment performance based on three-year average investment return over the period from FY 2019 to 2021 according to JP Morgan Asset Management’s Lloyd’s Peer Analysis. According to the firm, it achieved an average annual investment return ... Read the full article
QIC turns Q1 profit, reports on Ukraine exposure
27th April 2022
Qatar Insurance Company (QIC), an insurer for Middle East North African (MENA) region, has recorded a net profit of QR 230 million (USD 63 million) for the first quarter of 2022. The company also reported on its exposure to the ongoing conflict in Ukraine. During Q1, QIC incurred claims of QR 36.4 ... Read the full article
Markerstudy Group receives £200mn Pollen Street investment
3rd February 2021
Motor insurer Markerstudy Group has entered into an agreement for a £200 million investment led by Pollen Street Capital. The transaction will see Pollen Street partner with and make a substantial investment alongside the existing founder team, along with QIC who will also participate in the transaction as a strategic partner ... Read the full article
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