Qatar Re received on 3 October 2016, the approval of the Monetary Authority of Singapore for the opening of a local branch.
The new location will allow the Qatari reinsurer to develop its business and seize growth opportunities of a very dynamic market.
It is Micky Lee, head of Qatar Re's representation office in Singapore, who will run the new subsidiary.
As a reminder, Qatar Re achieved a turnover of 1.16 billion USD in 2015. It is the first reinsurer in the MENA region and 35th on the international level.
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