Qatar Re continues on path of growth despite market challenges
Posted On: Sep. 16, 2015 12:00 AM CSTQatar Reinsurance Co. L.L.C. continues on a growth trajectory in spite of the current surplus in reinsurance capacity, reported Middle East Insurance Review.
"Robustly positioned in the increasingly challenging market environment, Qatar Re continues to benefit from a strong and fully committed capital base," said Qatar Re chief executive Gunther Saacke. The reinsurer's gross written premiums increased 42% year on year to $463.6 million in the first half of 2015. Qatar Re aims to expand its foothold in Asia and in the Americas.