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Qatar General Insurance to exit UAE, takes financial precautions

Posted On: Apr. 24, 2019 6:10 AM CST

Foggy day in Abu Dhabi, UAE

Qatar General Insurance and Reinsurance Co. Q.P.S.C. plans to set up a risk-reserve fund worth $137 million and exit the United Arab Emirates' insurance market this year, Middle East Insurance Review reported. The insurer is also exploring new opportunities to expand its operations through investments this year.

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