Qatar Insurance establishes subsidiary in Malta to boost European operations

Qatar Insurance Co. S.A.Q. has established a fully owned subsidiary named QIC Europe Ltd. in Malta, with a view to strengthen its business in the European region, Zawya reported citing Gulf Times.

With this move, QIC aims to enhance its specialty and property/casualty insurance cover in the European Union and other non-E.U. jurisdictions on the continent. QEL will focus on underwriting general insurance risks in the European Economic Area. Standard & Poor's Corp. has assigned an "A" (stable) rating to QEL.

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