Qatar Re gets go-ahead to operate in Singapore

Mickey Lee will head the Singapore office.

Qatar Re today announced that the Monetary Authority of Singapore (MAS) has granted the Company a licence to operate a branch office in Singapore.

The licence became effective as of 3 October 2016. Micky Lee, previously in charge of Qatar Re’s representative office in Singapore, will become the Principal Officer of the branch.

Acquiring branch status strengthens Qatar Re’s presence in Asia’s rapidly evolving insurance and reinsurance markets, while at the same time contributing to the expansion of the company's global reinsurance footprint and risk diversification profile.

Initially a team of three senior underwriters, led by Micky Lee, will write non-life treaty business, focusing on property-per-risk, property catastrophe, casualty and key specialty lines (such as marine, aviation, energy, engineering, credit & surety), as well as selective bouquet business.

Further appointments will follow as the company strengthens its response to the increasingly complex risks written in the region which demand locally sourced solutions.