Bermudian-based Qatar Re has been granted a licence to operate a branch office in Singapore.
The company, which is headquartered in Hamilton, also has branch offices in Zurich and Dubai, and a representative office in London.
The reinsurer previously operated a representative office in Singapore. It has been granted a licence by the Monetary Authority of Singapore to operate a branch office in the jurisdiction.
Micky Lee will lead a team of three senior underwriters, writing non-life treaty business, focusing on property-per-risk, property catastrophe, casualty and specialty lines. The company anticipates further appointments as it strengthens its presence in “Asia’s rapidly evolving insurance and reinsurance markets”.
Click Here to view full article
Source: Royal Gazette