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QIC Group reports QR12.2bn gross written premiums in 2020


By The Peninsula
2021-02-17T17:15:00+00:00
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020.
Following a meeting of the Board of Directors, which was presided over by Abdulla bin Khalifa Al Attiya, Deputy Chairman, the Board approved the financial results for year 2020. 
 The year 2020 was one of the most challenging year for the global insurance industry. While QIC Group’s international business was impacted by global losses arising from the COVID-19 pandemic and from catastrophe losses, Mena insurance operations once again delivered an outstanding performance during the year. The COVID-19 pandemic enforced strict lockdown measures helped to maintain satisfactory performance, as motor and medical lines of business saw reduced claims activity.  ....

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QIC Group reports QR12.2bn gross written premiums in 2020


 15 Feb 2021 - 8:47
The Peninsula
Doha: Qatar Insurance Group’s, the leading insurer in the MENA region, gross written premiums for the year have remained stable at QR12.20bn, compared to QR12.06bn for 2019. The Group yesterday announced its financial results for 2020. 
Following a meeting of the Board of Directors, which was presided over by Abdulla bin Khalifa Al Attiya, Deputy Chairman, the Board approved the financial results for year 2020. 
The year 2020 was one of the most challenging year for the global insurance industry. While QIC Group’s international business was impacted by global losses arising from the COVID-19 pandemic and from catastrophe losses, Mena insurance operations once again delivered an outstanding performance during the year. The COVID-19 pandemic enforced strict lockdown measures helped to maintain satisfactory performance, as motor and medical lines of business saw reduced claims activity.  ....

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Details of Katara International Arabian Horse Festival announced


Details of Katara International Arabian Horse Festival announced
 28 Jan 2021 - 9:02
Photoby: Ibrahim R O
QNA
Details of Katara International Arabian Horse Festival, which is organized under the patronage of Amir H H Sheikh Tamim bin Hamad Al Thani, were announced during a press conference yesterday.
The first edition of the Festival will be held on Katara Beach from February 2 to 6 with a wide international participation in one of the highest beauty contests for purebred Arabian horses, with prizes worth QR13m.
The Festival will be held amidst COVID-19 precautionary measures to ensure the safety of the participants and the masses, in coordination with the Ministry of Public Health. ....

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AG acts on GBP 222 million Qatar life sciences IPO


AG acts on GBP 222 million Qatar life sciences IPO
Published by:
Sandy Bhadare
at 21 Jan 2021
A leading life and medical insurance company in Qatar has engaged Addleshaw Goddard on its initial public.
A leading life and medical insurance company in Qatar has engaged Addleshaw Goddard on its initial public offering on the Qatar Stock Exchange.
QLM Life and Medical Insurance Company’s initial public offering (IPO), which was oversubscribed, brings the country’s total number of listed companies up to 48.
After the IPO, QLM’s market capitalisation reached GBP 222 million.
QLM was formerly a member of the Qatar Insurance Group, the largest insurer in Qatar. ....

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