Qatar Re expands operations with three senior appointments

Qatar Re has expanded its governance and operations through the appointments of Andrew Smith as chief risk officer, Adam Young as head of compliance and Steve Tidd as chief operation officer.

Smith and Young will be based in Qatar Re’s head office in Bermuda.

Smith has over 18 years of experience in the industry, having joined from Ernst & Young (EY), where he had already worked with Qatar Re on its re-domiciliation to Bermuda.

At EY, Smith had responsibility for its financial services risk management and actuarial teams. Prior to that, he has also with PwC, and has worked in the London market and internationally with clients across Europe, Asia and the Americas.

Young joined Qatar Re from the QIC Group in Doha, where he served as head of group compliance since late 2013.

During his tenure, Young was responsible for QIC’s compliance oversight of its insurance and reinsurance subsidiaries and their activities across the Middle East. These included Qatar Re, prior to its transfer from the Qatar financial centre to Bermuda.

Prior to joining QIC Group, Adam held various compliance roles within Lloyd’s and the London insurance market with firms including AEGIS Managing Agency and Brit Syndicates, where he held the role of compliance officer. He started his career with JLT in 2003.

Tidd joined Qatar Re as head of operations in 2015 and was appointed his new role in July 2016.

Tidd has over 25 year of experience in insurance, having most recently served as managing director at Service Underwriting Agency.

Gunther Saacke, chief executive officer at Qatar Re, said: “These most recent senior appointments again demonstrate our ability to attract top calibre professionals to join us on our path of rapid development. Having worked closely with Andrew as a senior consultant before, we are delighted to have him on board as a member of our senior management team.

“His in-depth risk expertise will be instrumental in securing the quality of our future growth. Similarly, in his previous function as head of group compliance for our parent company QIC, Adam has been working with Qatar Re for the past few years. His experience with differing regulatory environments and his knowledge of the wider QIC Group will prove invaluable as we continue to pursue our strategic objectives.

“Finally, Steve’s promotion reflects the success in his previous assignment as our head of operations. Within a very short period of time, he has already seen through some important enhancements of our processes and systems.”