Qatar Insurance Company (QIC) enjoyed solid growth in the first nine months of the year but its profits were hit by high catastrophe losses, the soft market and changes to the Ogden rate in the UK.
Antares, the Lloyd's managing agent and part of the QIC Group, has appointed Joe Mellen as marine cargo underwriter.
Some insurers are looking to strengthen their reinsurance programmes in the aftermath of hurricanes Irma and Harvey as they fear being underexposed with so much of the hurricane season still to run.
Antares, the Lloyd’s managing agent and part of the QIC Group, has appointed David Hobbs, Mike Finch and Paul Grimsey to its board.
Qatar Insurance Company (QIC), the insurance group that owns Qatar Re and Antares, enjoyed solid growth in the first quarter of 2017 driven by contributions from these reinsurance and speciality insurance subsidiaries specifically.
Lloyd’s specialist insurer Beazley has introduced a product seeking to quote any US management, professional, cyber and healthcare liability risks that can be legally underwritten, provided that no other London insurer offers terms.
Antares Asia, a part of QIC Group, has launched its legal expenses insurance business and appointed Mark Waters as underwriter, based in Singapore.
QIC Group has experienced substantial growth in the first nine months of 2016, although its net profits only increased slightly which the group attributes to tough market conditions.
The coming year will see more insurers in Asia consolidating their positions and looking for more innovative ways to offer their products, Li Shan Yeo, CEO of Antares Asia, told EAIC Today.
Specialist Lloyd’s re/insurer Antares is seeking reinsurance partners to work with on several new classes of business including casualty and accident and health (A&H).