Qatar Re gets licence for Singapore branch

October 6 2016 by InsuranceAsia News Staff

Qatar Re has been granted a licence to operate a branch office in Singapore, where it has had a representative office for some time now.

The Monetary Authority of Singapore recently gave the reinsurer the green light to officially do business in the vibrant Singaporean market.

The Singapore branch will be an addition to Qatar Re’s other branches in Zurich and Dubai and its representative office in London.

Qatar Re CEO Gunther Saacke said that Singapore, recognised as the leading reinsurance centre in Asia, offers the company the chance to play in a highly developed market.

Establishing a stronger base in Singapore, according to Saacke, represents a big step forward for Qatar Re in terms of increasing their profile in the dynamic Asian reinsurance environment.

Micky Lee will be in charge of the Singapore office, leading a team of three senior underwriters, writing non-life treaty business, focusing on property-per-risk, property catastrophe, casualty and specialty lines.

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