Qatar Insurance Group - Amazon S3 Qatar Re established 50th Anniversary and acquisition of Antares...

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Transcript of Qatar Insurance Group - Amazon S3 Qatar Re established 50th Anniversary and acquisition of Antares...

  • Qatar Insurance Group

    Domestic dominance Regional leadership

    Global ambitions

    April 2015

  • At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    At a glance

    Doha

    2

  • 50 YEARS OF OPERATIONAL EXCELLENCE

    QIC established Current Senior Management

    appointed

    KQIC (Kuwait) and OQIC (Oman) established

    Qatar Re established

    50th Anniversary and acquisition of

    Antares

    MENA: QIC No 1 of 116 companies Asia Pacific: QIC No 12 of 264 – excl. L&H World: QIC No 140 of 737 companies

    En route to establishing a global footprint based on domestic dominance and regional leadership

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    3

    1964 1968 1986 2002 2004 2006 2009 2011 2014

    Q-Life & Medical established

    Dubai branch Abu Dhabi branch QIC International

    established

    QIC Europe Ltd established in

    Malta

  • QIC Group: Well diversified multi-pillar business set-up

    QIC

    Direct Insurance

    Antares

    Specialty Insurance Qatar Life &

    Medical

    Life & Medical

    Qatar Re

    Reinsurance

    QIC Asset Management

    Asset Management

    QIC Real Estate

    Real Estate

    SUSTAINED GROWTH FROM DIVERSIFIED SOURCES

    19.1

    17.7

    17.5

    17.1

    18.4

    1,705

    1,588

    1,664

    2,346

    3,996

    Market Capitalization in USD million

    162

    163

    168

    207

    2752014

    2013

    2012

    2011

    2010

    July 2014: Financial strength rating ‘A’ (strong), outlook stable www.standardandpoors.com

    Dec 2014: Financial strength rating of ‘A’ (excellent) www.ambest.com

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    Net income in USD million

    Return on Equity in %

    Earnings per share in USD

    4

    1.01

    1.01

    1.04

    1.29

    1.71

    Qatar Re

  • 2014 – A SET OF RECORD FINANCIAL PERFORMANCE FIGURES* 1

    4 6

    1 4

    0

    1 5

    2 1 9

    7

    2 8

    2

    8.1% 9.6% 10.0%

    8.7%

    10.7%

    0.0%

    4.0%

    8.0%

    12.0%

    0

    100

    200

    300

    2010 2011 2012 2013 2014

    591 655 703

    970

    1,542

    2010 2011 2012 2013 2014

    117 93 94

    133

    182

    2010 2011 2012 2013 2014

    Investment results and yield in USD million

    162 163 168

    207

    275

    2010 2011 2012 2013 2014

    Net profit in USD million

    Gross written premiums in USD million Underwriting results in USD million

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    5

    *2014 figures include Antares

  • Strategy

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    London

    6

  • EXPANDING GLOBALLY WHILST CONSOLIDATING OUR REGIONAL LEADERSHIP

    Bermuda London Zurich Malta Singapore

    • Antares Re • Qatar Re US &

    NatCat

    • Antares Lloyd‘s 1274 Syndicate

    • Qatar Re Rep. Office

    • Qatar Re Continental Europe and global operations

    • QIC Europe Ltd • Qatar Re Rep. Office for Asia

    Doha Dubai Muscat

    • QIC direct insurance operations (UAE)

    • QIC Group’s HQ and domestic operations

    • Qatar Re’s HQ

    • Oman QIC

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    7

    Kuwait

    • Kuwait QIC

    Abu Dhabi

    • QIC direct insurance operations (UAE)

  • BROAD SPECTRUM OF CAPABILITIES

    QIC Domestic Reinsurance Specialty Life & Medical Asset Management

    • Personal lines

    o Motor

    o Home Care

    o Travelcare

    • Commercial lines

    o Energy

    o Marine & Aviation

    o Medical

    o Motor

    o Property & Commercial

    • Agriculture

    • Credit & Surety

    • Energy

    • Engineering

    • Facultative

    • Marine & Aviation

    • Motor

    • Property

    • Structured Finance

    • Aviation

    • Financial Institutions

    • Marine

    • Political and Financial Risk

    • Professional indemnity

    • Property Excess of Loss

    • Terrorism

    • Group Life

    • Credit Life

    • Mortgage Life

    • Group Medical

    • Proprietary asset management

    • Third party asset management

    • Collateralized reinsurance (CATCO)

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    8

    Asset Management

    BERMUDA

    ZURICH

    DOHA

    SINGAPORE

    LONDON

    EXPERIENCED FOR THE FUTURE QATAR RE WORLDWIDE

    LATEST NEWS PRODUCTS & SERVICES QATAR RE HUBS

    QATAR RE

    ANNOUNCES NEW

    MANAGEMENT TEAM

    Doha, Qatar – 13 May 2013

    Lorem ipsum dolor sit amet consectetur

    adipiscing elit videst empera de quae

    aceribus volestibus adigendelita.

    READ MORE READ MORE READ MORE

    Qatar Re supports its clients with lead

    quotations based on proprietary pricing

    capabilities and superior underwriting skills.

    Legals ©2014, Qatar Re. LLC

    HOME QATAR RE HUBS

    Doha

    London

    Zurich

    ABOUT US

    Introduction

    Management

    Corporate Strategy

    Capitalization & Ratings

    Risk Management

    Regulatory Notice

    The QIC Group

    Careers

    NEWS & MEDIAPRODUCTS

    Agriculture

    Credit & Survey

    Energy

    Engineering

    Marine & Aviation

    Motor XL

    Property

    CONTACT US

    SEARCH JOINLOG IN

    HOME ABOUT US PRODUCTS QATAR RE HUBS NEWS & MEDIA CONTACT US

    “WE ARE COM M I TTED TO BUI LDI NG THE FI RST GLOBAL REI NSURANCE FRANCHI SE, BASED ON

    EM ERGI NG M ARKET CAPITAL”

    GUNTHER SAACKE

    Chief Executive Of cer

  • EXECUTION: ANTARES ACQUISITION PUTS QIC ON GLOBAL MAP

    o Acquisition of Antares in February 2014 for a purchase consideration of USD 325 million

    o Access to Antares Lloyd’s Syndicate 1274 and Bermuda Class 3 reinsurer

    o Build a significant Property & Casualty and Specialty footprint

    o Establish international recognition for QIC

    28%

    15%

    11% 11%

    5%

    31%

    3% 2%N. America, CAN

    Far East, AUS

    Europe

    UK

    LatAM

    RoW

    Africa

    ME

    32%

    11%

    12% 7%

    11%

    10%

    2%

    10% 5%

    Marine

    Energy

    Aviation

    Terrorism

    PI

    FI

    Pol. Risk

    Prop. XL

    Misc.

    2 6

    1 2 9

    4 3 7

    2

    3 7

    8

    -19.0 15.4 24.3 24.0

    110.6

    91.3 90.0 91.3

    70.0

    85.0

    100.0

    115.0

    -20

    80

    180

    280

    380

    480

    2011 2012 2013 2014

    GWP Net Income Combined Ratio

    Strategic rationale

    Geographic mix, 2014 Business mix, 2014

    Key figures in USD million

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    9

  • EXECUTION: GROWING QATAR RE INTO A GLOBAL LEADER

    48%

    25%

    20%

    3% 4%

    Europe

    Americas

    Asia

    Africa

    Oceania

    29%

    4%

    17%7%

    15%

    7%

    21%

    Motor / Casualty Marine & Aviation Property

    Energy

    Agriculture

    Credit & Surety Others / Multi Lines

    1 0

    3

    3 3

    7

    5 3

    6

    3.3 0.5 15.9

    112.0

    105.0 102.0

    70.0

    85.0

    100.0

    115.0

    0

    200

    400

    600

    2012 2013 2014

    GWP Net Income Gross Combined Ratio

    Key figures in USD millionAchievements to date

    Geographic mix, 2014 Business mix, 2014

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    10

    o Built an efficient, well diversified portfolio, GWP grew 6-fold since repositioning in 2013

    o Ability to offer lead quotations and capacity based on superior technical and product expertise

    o Offer highly rated security and instant diversification to reinsurance panels

    o Based on 2014 GWP, Qatar Re is among the global Top 50 reinsurers

  • Competitive Position

    At a Glance Strategy Competitive Position Performance Organisation Risk Management Outlook Appendix

    Zurich

    11

  • 3 ,1

    8 7

    2 ,6

    4 8

    9 3

    1

    1 ,3

    7 5

    1 ,4

    9 1

    1 ,2

    9 0

    7 3

    7

    1 ,1

    4 1

    1 ,3

    1 7

    3 5

    9

    9 6

    8

    1