AM Best affirms ratings for QIC and its subsidiary Antares Re

AM Best has affirmed the financial strength rating of “A-” (Excellent) and the long-term credit rating of “a-” (Excellent) for Qatar Insurance Company (QIC) and its Bermuda-based subsidiary, Antares Re. The outlook for both ratings remains stable.

The decision reflects the Qatari group’s strong balance sheet, adequate operating performance, neutral business profile and sound risk management. Antares Re’s rating also takes into account its strategic importance to its parent company.

According to AM Best, QIC’s underwriting performance has improved in recent years, with a combined ratio (net/gross) of 94.5% at end-September 2025, compared with 95.5% in 2024.