Qatar Re

What Qatar Re does

Qatar Reinsurance Company Limited (Qatar Re) is a global multi-line reinsurer and wholly-owned subsidiary of Qatar Insurance Company (QIC Group). Founded in 2009 and licensed as a Class 4 insurer by the Bermuda Monetary Authority, the company writes all major Property, Casualty and Specialty lines from its Bermuda headquarters, with branch offices in Zurich, London, and Singapore. It is rated A by S&P Global Ratings and A by A.M. Best, reflecting strong capital adequacy and financial strength backed by its QIC parent. The product portfolio spans eight lines: Property Catastrophe, International Property Per Risk, Marine and Aviation, Credit and Financial Risks, Casualty and Motor (UK and International), North American Casualty, Agriculture, and Residual Value Insurance, supported by in-house Claims Services.

The company's distribution is split between two channels. First, it writes traditional multi-line reinsurance through direct placement with primary insurers and reinsurers globally, managed by relationship teams at its Bermuda HQ and branch offices. Second, through three wholly-owned Gibraltar subsidiaries (West Bay Insurance Plc, formerly Zenith Insurance Plc; Markerstudy Insurance Company Ltd; and St Julians Insurance Company Ltd), it provides cover to the UK personal lines motor insurance market via a distribution arrangement with Markerstudy Group, giving Qatar Re a captive channel into UK motor that bypasses the standard cedant-led reinsurance buying process.

Revenue is generated through reinsurance premiums and related underwriting income, with pricing negotiated on a contract-by-contract basis against risk exposure, loss history, and market conditions. Go-to-market is enterprise field sales: direct engagement with ceding companies through relationship managers across the Bermuda, Zurich, London, and Singapore offices. As a private subsidiary of QIC Group, Qatar Re does not disclose revenue figures; with 501-1000 employees and a multi-jurisdictional footprint including a UK motor primary book, its premium volume is likely in the hundreds of millions to low single-digit billions of USD, though this cannot be directly verified from the available data.

Name

Qatar Re

Legal name

Qatar Reinsurance Company Limited

Website

https://qatarreinsurance.com

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Qatar Re is a Bermuda-based global multi-line reinsurer and subsidiary of QIC Group, writing Property, Casualty and Specialty lines from branches in Zurich, London, and Singapore. It serves primary insurers worldwide and writes UK motor via Gibraltar subsidiaries under a Markerstudy Group distribution arrangement.

Ownership category

akta.pro rank

Product category

Reinsurance

NAICS

Reinsurance Carriers (524130), Reinsurance Carriers (52413)

SIC

Insurance Carriers, Nec (6399), Fire, Marine & Casualty Insurance (6331)

akta.pro primary industry

Facultative Specialty Lines Reinsurance (Marine, Aviation, Energy, Cyber, Surety, Political Risk) (FSAOAFAD)

Keywords

• Reinsurance services
• Property catastrophe reinsurance
• Marine aviation reinsurance
• Casualty motor reinsurance
• Specialty line reinsurance

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Reinsurance Premiums: Qatar Re operates as a global multi-line reinsurer, generating revenue through reinsurance premiums collected from ceding primary insurers. The company writes all major Property, Casualty and Specialty lines of business, providing underwriting capacity and assuming risk from clients globally.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels1 record

Core offering

Qatar Reinsurance Company Limited (Qatar Re) is a global multi-line reinsurer licensed as a Class 4 insurer by the Bermuda Monetary Authority, providing reinsurance capacity and underwriting services for Property, Casualty and Specialty lines to primary insurers and reinsurers worldwide. The company writes portfolio-based Property Catastrophe, per-risk International Property, Marine and Aviation, Credit and Financial Risks, Casualty and Motor (UK and International), North American Casualty, Agriculture, and Residual Value Insurance, alongside Claims Services. Its Gibraltar-based subsidiaries (West Bay Insurance Plc, Markerstudy Insurance Company Ltd, St Julians Insurance Company Ltd) extend distribution into UK personal lines and motor insurance via Markerstudy Group.

Product overview

Qatar Reinsurance Company Limited (Qatar Re) is a global multi-line reinsurer licensed as a Class 4 insurer by the Bermuda Monetary Authority. The company operates from Bermuda headquarters with branch offices in Zurich and London. Qatar Re provides efficient underwriting services for diversified lines of business across three major segments: Property (Property Catastrophe, International Property Per Risk), Casualty (North American Casualty, Casualty and Motor UK & International), and Specialty lines (Marine and Aviation, Credit and Financial Risks, Agriculture, Residual Value Insurance). The company also provides Claims Services. Malta and Gibraltar-based subsidiaries—West Bay Insurance Plc (formerly Zenith Insurance Plc), Markerstudy Insurance Company Ltd, and St Julians Insurance Company Ltd—provide direct access to UK personal lines insurance business, with major distribution through Markerstudy Group for motor insurance. The product portfolio is unified under QIC Global parent company, with consistent A-rated financial strength from S&P and A.M. Best.

Differentiator

Problem solved

Functional benefit

Products and services

• Property Catastrophe Reinsurance Portfolio-based reinsurance coverage for catastrophic property losses, offered to primary insurers and reinsurers globally.
• International Property Per Risk Reinsurance Per-risk property reinsurance coverage for international markets, offered to cedants writing property exposures outside the US.
• Marine and Aviation Reinsurance Reinsurance coverage for marine and aviation risks, including hull, cargo, liability and aviation exposures, offered to primary insurers and reinsurers.
• Credit and Financial Risks Reinsurance Reinsurance coverage for credit and financial risks including trade credit, provided to cedants writing credit and surety exposures.
• Casualty and Motor Reinsurance (UK & International) Casualty and motor reinsurance for UK and international markets, covering liability, motor and related classes.
• North American Casualty Reinsurance Casualty reinsurance for North American risks including long-tail liability classes, offered to US and Canadian cedants.
• Agriculture Reinsurance Reinsurance coverage for agricultural risks, including crop and livestock exposures, offered to primary insurers writing agricultural business.
• Residual Value Insurance Insurance coverage for residual values, typically supporting leasing and asset finance exposures, offered as part of the Specialty book.
• Claims Services Claims management and processing services for reinsurance clients, supporting cedants through the lifecycle of reinsurance claims.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Markerstudy GroupcoreChannel Partner/ Reseller/ Distributor · 1 January 2025Qatar Re's Gibraltar subsidiaries (West Bay Insurance Plc, Markerstudy Insurance Company Ltd, St Julians Insurance Company Ltd) provide major coverage to the UK Motor insurance market through distribution arrangement with Markerstudy Group. Markerstudy Group serves as the primary distribution partner for personal lines motor insurance underwritten by Qatar Re's Gibraltar entities.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• Swiss Re: One of the world's largest multi-line reinsurers with comparable Property, Casualty, and Specialty offerings. Closely aligned with Qatar Re's diversified underwriting approach and global branch network.
• PartnerRe: Multi-line reinsurer writing Property, Casualty, and Specialty lines globally. Comparable to Qatar Re in line breadth, A-rated financial strength, and multi-jurisdictional platform.
• Munich Re: World's largest multi-line reinsurer writing Property, Casualty, and Specialty lines globally. Closest comparable to Qatar Re in product breadth, A-rated financial strength, and diversified multi-line platform.
• RenaissanceRe: Bermuda-based specialty reinsurer with leading Property Catastrophe franchise. Directly comparable to Qatar Re in Bermuda domicile and specialty reinsurance emphasis, though with more concentrated cat focus.
• Hannover Re: Global multi-line reinsurer with strong specialty lines franchise (including marine/aviation and credit). Directly comparable to Qatar Re's product mix and emphasis on specialty reinsurance.
• Everest Group: Bermuda-domiciled multi-line reinsurer and insurance group writing Property, Casualty, and Specialty lines. Comparable to Qatar Re in Bermuda-domiciled structure and A-rated multi-line underwriting.
• Scor SE: French multi-line reinsurer writing Property, Casualty, and Specialty lines globally. Comparable to Qatar Re in scale, line breadth, and diversified portfolio approach.
• Antares Holdings (QIC Global): Sister company under QIC Global (International) and Lloyd's carrier. Directly comparable as a peer reinsurer under the same parent group, sharing CEO Michael van der Straaten and operating synergies with Qatar Re.

Broad incumbents

• Lloyd's of London: Global specialty insurance and reinsurance marketplace where many of Qatar Re's peers operate syndicates. Comparable as a broad incumbent in the global specialty reinsurance space though structurally different.

Regional players

• Markerstudy Group: UK-based insurance group and primary distribution partner for Qatar Re's Gibraltar subsidiaries. Comparable because it underwrites UK personal lines motor that Qatar Re's Gibraltar entities reinsure/support, making it both a customer and a closely linked market participant.

Market position

Strengths1 record

Weaknesses1 record

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/qatar-re

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Qatar Re