Business

Qatar Re secures new chairman

William Malloy brings with him 26 years of leadership experience in the insurance industry, spending more than 10 years with AIG where he held various executive positions in the US and Europe

Qatar Reinsurance Company Limited (Qatar Re), has announced the appointment of William Malloy to serve as independent non-executive chairman, with effect from September 2021.

Malloy brings with him 26 years of leadership experience in the insurance industry, spending more than 10 years with AIG where he held various executive positions in the US and Europe.

He subsequently served as CEO for Marsh UK and Europe and became Marsh’s global president.

More recently, he was a partner at investment firm Aquiline Capital Partners LLC, where he served in multiple chairman and CEO roles, including non-executive chairman of Ark Syndicate Holdings, he currently serves as the president of Acrisure Ventures.

Malloy said: “The team at Qatar Re are experts in what they do, taking innovative approaches to their risk and analytical capabilities.

“It’s a testament to the team’s skill and dedication that they maintain excellent, long-standing relationships with their clients and partners. I am looking forward to working with Michael and the rest of the board and contributing to Qatar Re’s continued growth and success.”

Michael van der Straaten, CEO of QIC Global and Qatar Re, added: “We are delighted to welcome William to our board, he is an eminent professional and has outstanding leadership experience combined with a deep understanding of the industry.

“His expertise and market insight will be a major asset to our organisation and his addition will help ensure that Qatar Re continues to be a stable and profitable business.”

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