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Qatar Re Changing Operations In Singapore

Qatar Re Changing Operations In Singapore

Qatar Reinsurance has announced that, with effect from 20 July 2018, it is to cease writing new and renewal business from its branch office in Singapore. The Company will work closely with its Singapore-based staff, its clients and broking partners and regulators to ensure the orderly administration of existing business written from the branch. This... Read more of this article

Qatar Re Earns Regulatory Authorisation In UK

Qatar Re Earns Regulatory Authorisation In UK

Qatar Reinsurance Company has been authorised by the Prudential Regulation Authority to carry out certain regulated activities in the UK from its branch office in London. Michael van der Straaten will lead the branch, in addition to his current role as the company’s Chief Underwriting Officer for Long Tail and Specialty Classes. Gunther Saacke, Qatar... Read more of this article

Qatar Re Acquiring Gibraltar-Based Companies

Qatar Re Acquiring Gibraltar-Based Companies

Qatar Reinsurance Company Limited has signed a sales purchase agreement to buy Markerstudy’s Gibraltar-based insurance companies, namely Markerstudy Insurance Company Limited, Zenith Insurance PLC, St Julians Insurance Company Limited and Ultimate Insurance Company Limited. Markerstudy underwrites more than 5% of the UK motor insurance market, generating... Read more of this article

Qatar Re Successfully Issue $450M Notes

Qatar Re Successfully Issue $450M Notes

Qatar Reinsurance Company Limited announced the successful issue of US$ 450 million Reg S Perpetual non-call 5.5 subordinated Tier 2 notes guaranteed on a subordinated basis by QIC to institutional investors, representing its debut issuance in the international debt capital markets. The issue attracted over 290 orders of more than US$ 6.5 billion and... Read more of this article

Qatar Re Announces Changes To Leadership

Qatar Re Announces Changes To Leadership

Qatar Re announced the promotions of Luke Roden and Michael van der Straaten to Chief Underwriting Officer [CUO] positions. Previously they were Deputy CUOs to Alastair Speare-Cole, who resigned earlier this month. Gunther Saacke, CEO, said: “We thank Alastair for his relentless efforts during his stint at Qatar Re. Generational change in our company... Read more of this article

A.M. Best Affirms Credit Ratings Of Qatar Re

A.M. Best Affirms Credit Ratings Of Qatar Re

A.M. Best has affirmed the Financial Strength Rating [FSR] of A [Excellent] and the Long-Term Issuer Credit Ratings [Long-Term ICR] of “a” of Qatar Insurance Company S.A.Q. and its main subsidiaries: QIC International LLC [Qatar] and Qatar Reinsurance Company Limited [Bermuda]. The outlook of these Credit Ratings [ratings] remains stable. A... Read more of this article

Qatar Re Branch Licence Approved In Singapore

Qatar Re Branch Licence Approved In Singapore

Qatar Re — which is headquartered in Bermuda — announced that the Monetary Authority of Singapore [MAS] has granted the Company a licence to operate a branch office in Singapore. The licence became effective as of October 3rd, 2016. Micky Lee, previously in charge of Qatar Re’s representative office in Singapore, will become the Principal... Read more of this article

Qatar Re ‘Continues On Its Growth Path’

Qatar Re ‘Continues On Its Growth Path’

Qatar Re said they continue on their “growth path despite unabated headwinds from tough trading conditions in global reinsurance markets, and in the first half year of 2016, the Company increased its gross written premiums to US$ 654 million, up 41% year-on-year from US$ 464 million. “The combined ratio improved to 95.8%, from 97.7% in the... Read more of this article

Reinsurer Qatar Re Appoints Smith, Young, Tidd

Reinsurer Qatar Re Appoints Smith, Young, Tidd

Qatar Re announced the appointments of Andrew Smith as the Group’s Chief Risk Officer, Adam Young as Head of Compliance and Steve Tidd as Chief Operating Officer, saying that the ”appointments further strengthen Qatar Re’s risk and corporate governance and oversight while also enhancing its internal systems, processes and operating efficiency.” Andrew... Read more of this article

Qatar Re Gets Approval To Domicile In Bermuda

Qatar Re Gets Approval To Domicile In Bermuda

Qatar Reinsurance Company Ltd has completed the process of re-­domiciling to Bermuda, and has been granted a Class 4 licence from the Bermuda Monetary Authority [BMA], following all regulatory approvals, effective today [Dec 3]. “As part of the re-­domiciling Qatar Re’s capitalisation will increase to approximately USD 500 million. The company... Read more of this article

Qatar Reinsurance To Domicile In Bermuda

Qatar Reinsurance To Domicile In Bermuda

Qatar Reinsurance Company LLC has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda. The proposed transfer is expected to take place in the 4th quarter of 2015 and is subject to regulatory approvals. The company said, “Following its continuation in Bermuda, Qatar Re will become a Class 4 reinsurer... Read more of this article