# Qatar General Insurance & Reinsurance Company

Qatar General Insurance & Reinsurance Company is an Insurance based in Doha, Qatar.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Doha, Qatar
- **Region:** Middle East
- **Address:** Doha, Qatar
- **Founded:** 1979
- **Assets under management:** Undisclosed
- **Website:** qgirco.com
- **LinkedIn:** https://www.linkedin.com/company/qgirco

## Regulatory record

- **Reports private funds:** No

## About

QGIRCO was established in 1979 by Ghazi Abu Nahl, who also founded Nest Investments and Trust Re, linking the Qatari firm to a broader Levantine and Mediterranean insurance network. The company is chaired by Sheikh Khalifa bin Jassim bin Mohammed Al Thani, a major shareholder who also leads the Qatar Chamber of Commerce and Industry. The firm writes policies across motor, medical, and energy lines, serving individuals and businesses throughout Qatar. The firm's capital is deployed in two distinct streams: a conventional underwriting book and a significant real-asset portfolio concentrated in Doha's Al Dafna district. Confirmed holdings include Mozoon Towers and General Tower — all commercial or mixed-use properties on or near the Corniche. Mozoon Towers was developed through Mozoon Real Estate Company, a joint venture with Al-Sari Trading Company, an entity tied to former Chairman Sheikh Nasser bin Ali bin Saud Al Thani. The firm also maintains a portfolio of local equity securities listed on the Qatar Stock Exchange. The insurance operation is dwarfed in visibility by the firm's real estate footprint and its web of affiliated entities. Ghazi Abu Nahl's founding of Nest Investments and Trust Re created a cross-border insurance and reinsurance architecture that extends QGIRCO's influence beyond Qatar. The firm's Social and Sports Activities Support Fund (Daam) provides a philanthropic channel, a common feature among Qatari institutions navigating sponsorship culture and corporate social responsibility mandates. QGIRCO's structural differentiator is its hybrid identity: it is not purely an insurer, nor a family office, nor a developer, but a conglomerate whose real assets and cross-holdings matter as much as its underwriting results. This blurring of lines — a Qatari public company with concentrated family shareholding and an adjacent privately-held reinsurance network — makes it a distinctive counterparty for institutions mapping the overlapping financial and political economy of Doha.

## Sectors

- Real Estate
- Insurance
- Financial Services

## People

- Sheikh Khalifa bin Jassim bin Mohammed Al Thani — Chairman
- Ghazi Abu Nahl — Founder and former Group CEO

## Questions

### Who controls QGIRCO?

The firm is chaired by Sheikh Khalifa bin Jassim bin Mohammed Al Thani, a major shareholder who also serves as Chairman of the Qatar Chamber of Commerce and Industry. His leadership links the insurer directly to Qatar's broader commercial policymaking apparatus.

### How is QGIRCO connected to Trust Re and Nest Investments?

Founder Ghazi Abu Nahl established both Nest Investments (Holdings) Ltd. and Trust Re, creating a cross-border insurance and reinsurance architecture that extends beyond Qatar. These entities share historical ties through common founding leadership.

### What real estate does QGIRCO own?

The firm's property portfolio is concentrated along Doha's Al Dafna Corniche and includes the World Trade Center Doha, Mozoon Towers, and General Tower. Mozoon Towers was developed via Mozoon Real Estate Company, a joint venture with Al-Sari Trading Company.

### What insurance lines does QGIRCO underwrite?

The firm writes motor, medical, and energy insurance policies across Qatar, serving individual, family, and business clients. The energy line is notable given Qatar's status as a leading global LNG exporter.

### Does QGIRCO manage a public equities portfolio?

Yes, the firm holds a portfolio of local equity securities on the Qatar Stock Exchange, providing liquid-market exposure alongside its insurance float and real estate holdings.

## Related profiles

- [Qatar Financial Centre Authority](https://altss.com/profile/qatar-financial-centre-authority)
- [Qatar Investment & Projects Development Holding Company](https://altss.com/profile/qatar-investment-projects-development-holding-company)

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Last updated: 2026-07-06T00:37:24.735Z

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