Qatar General Insurance and Reinsurance Company (QGIRCO) yesterday disclosed that it has ceased the operations of its branch in Dubai. The decisions is in line with Company’s decision to exit the insurance market in Dubai via its branch located in Dubai. “The Company’s branch in Dubai will cease issuing any new Insurance Policies as of 26/11/2018 and initiates accordingly the Run off of its Branch”, the company said in a regulatory filing to Qatar Stock Exchange (QSE) yesterday. QGIRCO affirmed it commitment to fulfilling all of its obligations particularly with respect to Claims, until the expiry of the last policy issued by the branch.
