Qatar Re appoints Alastair Speare-Cole as Chief Underwriting Officer

January 8, 2015 11:42 am

Qatar Re announced the appointment of Alastair SpeareCole as Chief Underwriting Officer, effective 12 January 2015.

Alastair Speare-Cole joins from JLT Re, the world’s fourth largest reinsurance broker, where he served as Chief Executive Officer since 2012. Alastair Speare-Cole replaces Willi Schürch who retires from his current role as Chief Underwriting Officer.

“I am delighted by Alastair’s decision to join Qatar Re,” says Gunther Saacke, Chief Executive Officer, Qatar Re. “It is a great privilege to have such a high calibre and widely respected reinsurance executive on board. Alastair’s vast experience across all traditional reinsurance lines as well as alternative solutions will further boost the expansion of Qatar Re’s franchise and lend an additional impetus to our aspiration of becoming a leading global reinsurer. In particular, his proven expertise in building and shaping powerful organisations will benefit our rapidly growing company.”

“Since Qatar Re has embarked on its global growth strategy two years ago, the progress made by Gunther and his team has been remarkable,” says Alastair Speare-Cole.

“They have built a strong organisation with skilled and experienced reinsurance professionals. In addition, Qatar Re has already established a robust foundation in terms of its internal risk management combined with strong client and broker focus. I am excited to become part of this team and contribute my experience to help realise the long- term aspiration of the company.”

Alastair has more than 30 years of experience in reinsurance across all lines of business. He initially started his career as a graduate trainee at Jardine Matheson. Alastair graduated from University of Oxford in Geology and Geophysics. In addition, he is a Fellow of the Chartered Insurance Institute, a Chartered Insurance Professional and a Fellow of the Geological Society in the UK.

“I would also like to thank Willi Schürch for his many contributions to Qatar Re,” adds Gunther Saacke.

“Thanks to his expertise and experience, Qatar Re has rapidly established a well-balanced portfolio, reflecting both underwriting excellence and discipline. It has been a great pleasure to work with Willi during the final stage of his reinsurance career which spans – 2 – more than 30 years.”