July 21, 2017 5:01 PM ET


Company Overview of Qatar Reinsurance Company Limited

Company Overview

Qatar Reinsurance Company Limited offers property, casualty, and specialty line re-insurance services to clients in Bermuda. It offers its services in the areas of agriculture, casualty, credit and financial risks, energy, engineering, marine and aviation, and property. The company was founded in 2009 and is based in Pembroke, Bermuda with additional locations in London, United Kingdom; Zurich, Switzerland; Singapore; Dubai, United Arab Emirates; and Doha, Qatar. Qatar Reinsurance Company Limited operates as a subsidiary of Qatar Insurance Company S.A.Q.

71 Pitts Bay Road

Pembroke,  HM08


Founded in 2009



Key Executives for Qatar Reinsurance Company Limited

Chief Executive Officer
Chief Operating Officer
Head of Underwriting Risk
Head of Energy
Compensation as of Fiscal Year 2017.

Qatar Reinsurance Company Limited Key Developments

Qatar Re Announces Executive Changes

Qatar Re has promoted 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 February. Luke Roden has been appointed CUO - Short Tail Classes and also retains his role as Head of Ceded Re. He will remain a member of Executive Management Committee. Luke has a track record of developing and maintaining large, profitable portfolios of treaty reinsurance business over the last 24 years and has been central to the development of Qatar Re since he joined in 2012. He has lived and worked in North America, Europe, Bermuda and the Middle East during his career. Michael van der Straaten has been appointed CUO - Long Tail & Speciality Classes and will join Executive Management Committee, subject to regulatory approval. Michael began his career in Lloyd’s as a Box Manager and Non-Marine Property Treaty Underwriter. He joined Qatar Re in December 2016 from ACE Tempest Re where he held the role of Deputy Head of London and Head of Casualty, overseeing the development of their international casualty and motor business. Prior to this, Michael held various underwriting positions with a primary focus on casualty lines alongside wider management responsibilities. 2017 CPI Financial.

Qatar Re Announces Executive Appointments

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. Andrew Smith and Adam Young will be based in Qatar Re's growing head-office in Bermuda. Andrew Smith took up his new role as Chief Risk Officer on 1 May 2016. He joins from Ernst & Young (EY) where he already worked extensively with Qatar Re on its re-domiciliation to Bermuda. Andrew has eighteen years of experience, the last five of which have been in Bermuda, where he advised commercial clients and industry associations on the changing risk and capital agenda. At EY, he had local responsibility for their financial services risk management and actuarial teams. Adam Young took up his new role as Head of Compliance in Bermuda on 1 June 2016. He joins from the QIC Group's headquarters in Doha where he held the role of Head of Group Compliance since late 2013. During his tenure, Adam was responsible for the Group's compliance oversight of its insurance and reinsurance subsidiaries and their activities across the Middle East.

Qatar Reinsurance Receives Regulatory Approval to Domicile in Bermuda

Qatar Reinsurance Company Ltd. announced that it has completed the process of re­domiciling to Bermuda. At the same time the company has been granted a Class 4 licence from the Bermuda Monetary Authority (BMA), following all regulatory approvals, effective today. As part of the re-­domiciling Qatar Re’s capitalisation will increase to approximately USD 500 million. The combination of Qatar Re’s relocation to Bermuda, its development of international platforms in key locations worldwide and the Class 4 licence will benefit the company in expanding its client base through additional products and underwriting expertise as well as an increased market scope and presence. Having opened offices in London and Singapore and a branch in Zurich, Qatar Re also cooperates closely with QIC Europe Limited (QEL) based in Malta.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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