QIC official insurer of Commercial Bank Qatar Masters golf tourney

Qatar Insurance Company (QIC) has partnered with Commercial Bank Qatar Masters to be the official tournament insurer for the region’s premier golf tournament slated from January 26 to 29 at the Doha Golf Club.QIC, along with its subsidiaries Qatar Re and Antares, is supporting the tournament for the 10th consecutive year. Salem al-Mannai, deputy group president and CEO at QIC Mena region, said: “As the official insurer of this year’s Commercial Bank Qatar Masters golf tournament, QIC Group has once again demonstrated its continued commitment to local sporting events. “The group with its subsidiaries, Qatar Re and Antares, is delighted to renew this long-term partnership and raise Qatar’s global profile in support of Qatar National Vision 2030.”Founded in 1964, QIC was the first domestic insurer of Qatar. Today, QIC is a dominant insurer in the region and is regarded as the largest insurer in terms of profitability and market capitalisation. QIC’s consistent rating of A/Stable from Standard & Poor’s and A (Excellent) from AM Best affirms QIC’s core strength and sustainable performance. Besides having a branch in the UAE and subsidiaries in Oman and Kuwait, the QIC Group owns two reinsurance subsidiaries – Qatar Re in Bermuda and Antares operating in the Lloyd’s market.