Qatar Re News

Qatar Re CEO Saacke to Step Down with Interim Leader Named

Qatar Re said that CEO and Executive Director Gunther Saacke would be stepping down from both roles in March, at the company’s next board meeting. He’ll stay on for the transition and depart later in 2019, the Bermuda-based reinsurer said. …

Qatar Re Ceases Writing Business from Singapore Branch Office

Qatar Reinsurance Co. Ltd. has announced that, with effect from 20 July 2018, it has ceased 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 …

Qatar Re to Stop Writing, Renewing Facultative Business in Dubai

Qatar Reinsurance Co. Ltd. (Qatar Re) has announced it will suspend the writing of all new and renewing facultative business from its branch office in the Dubai International Financial Centre. However, facultative coverage will continue to be provided by the …

Qatar Re Authorized by UK Regulator to Underwrite from London Branch Office

Qatar Reinsurance Co. Ltd. announced it has received authorization from the UK Prudential Regulation Authority to underwrite business from its branch office in London. Michael van der Straaten will lead the branch, in addition to his current role as the …

Qatar Re Agrees to Buy Markerstudy’s Insurance Companies in Gibraltar

Qatar Reinsurance Co. Ltd. has signed an agreement to buy four Gibraltar-based insurers from Markerstudy Group. The companies are: Markerstudy Insurance Co. Ltd., Zenith Insurance PLC, St. Julians Insurance Co. Ltd. and Ultimate Insurance Co. Ltd. Financial details of the …

Singapore Approves Qatar Re Branch Licence

Qatar Re said that the Monetary Authority of Singapore has granted the company a licence to operate a branch office in Singapore. The licence became effective as of 3 October 2016. Micky Lee, previously in charge of Qatar Re’s representative …

Qatar Re to Change Corporate Domicile to Bermuda

Qatar Reinsurance Company LLC (Qatar Re) has announced its intention to transfer its seat of incorporation from the Qatar Financial Centre to Bermuda, during the fourth quarter of 2015. The move is subject to regulatory approvals. The announcement explained that …

Qatar Re Appoints Speare-Cole Chief Underwriting Officer

Qatar Re announced the appointment of Alastair Speare-Cole as Chief Underwriting Officer, effective, January 12, 2015. He joins from JLT Re, the world’s fourth largest reinsurance broker, where he served as CEO since 2012. Speare-Cole replaces Willi SchΓΌrch who is …