Bermuda-based Qatar Re is aiming to become a leading reinsurer in Singapore focused on bringing genuine leadership decision-makers close to the Asian markets, according to Micky Lee, principal officer of Qatar Re, at the East Asia Insurance Conference this week.
Speaking to EAIC Today Lee expressed his desire to expand further in the Asia-Pacific region after receiving the branch license from the Monetary Authority of Singapore to have an office in Singapore.
Lee said: “Singapore has established itself as Asia’s leading reinsurance hub, recognised for its rule of law, political stability and regulatory environment.
“The opening of our Singapore branch affirms Qatar Re’s commitment to these markets and will allow us to have our fingers on the pulse of the dynamic Asian insurance and reinsurance environment. We are here to stay, to listen to our clients and to work with them to deliver tailored solutions that are of mutual benefit.”
Lee went on to explain in what way Qatar Re stands out from other reinsurers serving the Asian markets.
He said: “Our analytical approach to portfolio management enables us to offer more flexibility. In addition, we operate based on a long-term perspective, backed by long-term capital, and a strong commitment to clients, whom we believe have the potential to grow and prosper over time.”
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