Michael van der Straaten, the CEO of reinsurance group Qatar Re, has now also been appointed as the CEO of QIC Global, the international specialty insurance and reinsurance subsidiary of Qatar Insurance Group.
Michael van der Straaten takes on the role of CEO of QIC Global (International), effective 1st March 2020.
He will remain as the CEO of reinsurance unit Qatar Re as well, while Joe Battle, the CEO of Antares, the company’s Lloyd’s specialist insurance and reinsurance entity, will report directly to him.
van der Straaten has more than 35 years’ of experience in the international insurance and reinsurance industry and has been CEO of Qatar Re since January 2019.
During his career he has held a series of senior roles at Canopius Group, Chubb and QIC Europe.
He began his career in the Lloyd’s market in 1984 and has since specialised in property treaty reinsurance and other specialty lines of underwriting business.
Sunil Talwar will remain in place as the Chairman of QIC Global.
Talwar commented on the news, “Qatar Re and Antares are both poised for long-term growth, with an established operational platform in QIC Global and the firm financial backing of QIC Group. Mike has overseen the transformation of Qatar Re into a global multi-line reinsurer with a sustainable, profitable portfolio of business and we are very pleased he will be leading QIC Global into the next phase of its expansion.”
van der Straaten added, “Antares and Qatar Re are both fantastic underwriting platforms, with a diverse range of income streams, a wealth of talent and established reputations at Lloyd’s and internationally. With market conditions improving markedly, I look forward to working with Joe and Sunil to grow the business further.”