Insurance

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Qatar General Insurance & Reinsurance Company

Qatar General Insurance & Reinsurance Company was established in 1979 in Doha, Qatar.

Qatar General Insurance & Reinsurance Company

Qatar General Insurance & Reinsurance Company was established in 1979 in Doha, Qatar. Founder Ghazi Abu Nahl served as Group CEO and later built a broader network through Nest Investments and Trust Re. The firm operates as a composite insurer writing motor, medical, and energy lines for individuals, families, and businesses across Qatar. The investment portfolio spans two primary categories: a listed local equity securities book and a direct commercial real estate portfolio. Property holdings include World Trade Center Doha, Mozoon Towers, and General Tower, all in the Al Dafna district of Doha. Mozoon Real Estate Company operates as a joint venture with Al-Sari Trading Company, an entity previously controlled by former Chairman Sheikh Nasser bin Ali bin Saud Al Thani. The insurer also maintains reinsurance relationships through Trust Re, the Bahrain-based reinsurer linked to founder Ghazi Abu Nahl. Chairman Sheikh Khalifa bin Jassim bin Mohammed Al Thani concurrently leads the Qatar Chamber of Commerce and Industry, anchoring the firm within Qatar's broader commercial establishment. The company supports the Social and Sports Activities Support Fund (Daam) as its primary philanthropic vehicle. The firm's structural differentiator lies in its dual identity as an active underwriter and a direct commercial property owner on the Doha Corniche. Unlike pure insurers that outsource asset management, QGIRCO holds its real estate through a dedicated joint-venture structure, creating a balance sheet that blends insurance float with hard-asset exposure in Qatar's prime commercial district.

General information

Firm type

Insurance

Year founded

1979

AUM

Undisclosed

Location

Region

Middle East

Country

Qatar

City

Doha

Corporate office

Doha, Qatar

Principals

Sheikh Khalifa bin Jassim bin Mohammed Al Thani

Chairman

Ghazi Abu Nahl

Founder and former Group CEO

Sector focus

Real EstateInsuranceFinancial Services

Frequently asked questions

Who controls Qatar General Insurance & Reinsurance Company?

Sheikh Khalifa bin Jassim bin Mohammed Al Thani serves as Chairman. He also chairs the Qatar Chamber of Commerce and Industry. The firm's founding history traces to Ghazi Abu Nahl, who served as Group CEO and later established Nest Investments and Trust Re.

What does QGIRCO's investment portfolio consist of?

The portfolio includes a local Qatari equity securities book and direct commercial real estate assets. Known property holdings are World Trade Center Doha, Mozoon Towers, and General Tower, all located in the Al Dafna district along the Doha Corniche. Mozoon Real Estate Company operates as a joint venture with Al-Sari Trading Company.

Is QGIRCO primarily an insurer or an investment company?

QGIRCO is a composite insurance company that also functions as a significant asset owner. Its underwriting business writes motor, medical, and energy insurance across Qatar. The firm retains investment assets directly on its balance sheet rather than outsourcing to third-party managers.

What is QGIRCO's relationship with Trust Re?

Trust Re is a Bahrain-based reinsurance company founded by Ghazi Abu Nahl, QGIRCO's founder and former Group CEO. The connection provides QGIRCO with reinsurance capacity through a related entity. Abu Nahl's network also includes Nest Investments Holdings, linking several Trust-branded insurance and reinsurance entities.

Does QGIRCO maintain any philanthropic or social programs?

Yes, QGIRCO supports the Social and Sports Activities Support Fund, known as Daam. This Qatar-based fund channels corporate contributions toward community and athletic development initiatives.

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