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Qatar to Set Up National Reinsurance Company, Al Sharq Says

Qatar has initiated an “official plan” to set up a national reinsurance company that would be majority-owned by the government with the “participation” of local insurance companies, Al Sharq reported, citing unidentified people familiar with the plan.

The company would be large enough to cover the domestic market, the newspaper said.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net

To contact the editor responsible for this story: Lars Paulsson at lpaulsson@bloomberg.net

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