Qatar Re
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The Doha-based company pins the better result on a decision to avoid volatile segments.
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The executive has been acting CEO since January, when Gunther Saacke announced his intention to step down.
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The MGA has also gained 9000 series coverholder status.
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A shift to lower volatility classes propels underwriting profit.
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Qatar Re-backed Marketstudy is expected to acquire the Co-op's CIS General Insurance in the second quarter.
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The pair will underwrite upstream and downstream energy risks.
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The move follows the insurer’s decision to exit the market in Dubai late last year.
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Rate increases remain elusive, says CEO Al Subaey.
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Insurers that have started fixing what’s broken early and rethinking what it’s worthwhile writing and from where may be better placed than those watching and waiting.
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Adverse reserve development pushed the carrier's combined ratio over the 100 percent mark.
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The company has decided to cease writing new and renewal business from its Singapore branch.
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