QIC official insurer of golf tournament
23 Jan 2017 - 23:52
Qatar Insurance, the largest insurer in the MENA region, has partnered with Commercial Bank Qatar Masters to be the official tournament insurer for the region’s premier Golf tournament.
QIC, along with its subsidiaries Qatar Re and Antares, is proud to support the tournament now for the tenth consecutive year. The tournament will be held at the Doha Golf Club from January 26 to 29.
Founded in 1964, Qatar Insurance Company (QIC) was the first domestic insurer of Qatar. Today QIC is a dominant insurer in the region and is regarded as the largest insurer in terms of profitability and market capitalisation. QIC’s consistent rating of A/Stable from Standard & Poor’s and A (Excellent) from A M Best affirms QIC’s core strength and sustainable performance.
Taking its well thought-out strategy beyond the borders of Qatar, QIC Group has been successful in establishing its underwriting footprint across the globe.
Besides having a branch in the UAE and subsidiaries in Oman and Kuwait, the Group owns two reinsurance subsidiaries, namely, Qatar Re in Bermuda and Antares operating in the Lloyd’s market.
Commenting on the Group’s strategic partnership, Salem Al Mannai (pictured), Deputy Group President and CEO of QIC – MENA region remarked, “As the official insurer of this year’s Commercial Bank Qatar Masters golf tournament, QIC Group has once again demonstrated its continued commitment to local sporting events".
"The Group with its subsidiaries Qatar Re and Antares’ are delighted to renew this long-term partnership and raise Qatar’s global profile in support of Qatar National Vision 2030,” he said.
Qatar Re is a global multi-line reinsurer writing all major property and casualty, and specialty lines of business.
Headquartered in Bermuda, Qatar Re operates from offices in Dubai, Singapore, London, Zurich and Doha. Backed by a parental guarantee from QIC, Qatar Re benefits from QIC’s substantial and growing capital base. In 2015 Qatar Re was ranked amongst global top 35 non-life reinsurers by A M Best.
Antares is a specialist insurer and reinsurer operating in Lloyd’s - the leading global marketplace for insurance and reinsurance business. Antares delivers a diversified range of Property, Casualty, Terrorism, Political, Accident and Health, Energy, Marine and Aviation, and Reinsurance underwriting services.