15 June 2017News

QIC Group announces progress on expansion

QIC Group had announced that it has made further progress in the pursuit of its strategic objective to enhance its portfolio diversification and geographic expansion.

The company said that approximately 70 percent of QIC Group’s current premium income is now generated by its international franchise outside of the Gulf Cooperation Council region.

The company said that this diversification of business has been largely achieved through the group's Bermuda-based subsidiary Qatar Reinsurance Company. Qatar Re has expanded its footprint globally, with local offices in all major reinsurance hubs.

In addition, QIC Group said that it has succeeded in diversifying its underwriting portfolio through its Lloyd’s of London platform Antares which is located in the world's leading specialty lines insurance centre. The syndicate underwrites specialty insurance risks, contributing to QIC Group’s diversification by geography and line of business. In 2016 Antares joined the Lloyd’s China platform in Shanghai.

QIC Group also expanded its direct insurance activity in continental Europe through its subsidiary QIC Europe Limited (QEL), located and registered in Malta.




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14 August 2017   The parent company of Bermuda-based reinsurer Qatar Re is preparing to list one of its other subsidiaries on the Muscat Securities Market, the stock exchange in Oman.
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25 January 2018   Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda-based Qatar Re, has reported what it describes as ‘solid’ financial results for the full year 2017.
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8 June 2018   Qatar Reinsurance Company intends to suspend the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre.

More on this story

News
14 August 2017   The parent company of Bermuda-based reinsurer Qatar Re is preparing to list one of its other subsidiaries on the Muscat Securities Market, the stock exchange in Oman.
News
25 January 2018   Qatar Insurance Company Group (QIC), the insurance group that owns Bermuda-based Qatar Re, has reported what it describes as ‘solid’ financial results for the full year 2017.
News
8 June 2018   Qatar Reinsurance Company intends to suspend the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre.