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International

Qatar Re set aims to be a global multi-line reinsurer

September 16, 2014 Reprints

Qatar Re L.L.C.'s gross premium volume is set to increase 60% year on year to around $550 million in 2014, CPI Financial reported.

The company's net profit for the first half of 2014 was $16 million. It plans to expand its presence in Asia and the Americas. Qatar Re's chief executive Gunther Saacke said that within two years, the company has transformed from a regional reinsurer into "a global multi-line franchise." Qatar Re's European business accounted for just more than 50% of its portfolio as of June 30.

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Qatar Re set aims to be a global multi-line reinsurer

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