Qatar General Insurance to stop issuing new insurance policies in Dubai | Reuters

Qatar General Insurance to stop issuing new insurance policies in Dubai | Reuters:

Qatar General Insurance and Reinsurance Company said on Monday it would stop issuing any new insurance policies from its Dubai office and start winding down its business at the branch.

The company gave no detail as to whether the move was linked to a regional rift that started in June 2017 when Saudi Arabia, the United Arab Emirates, Egypt and Bahrain cut diplomatic and trade links with Qatar.

The firm, which said in December last year it had decided to exit the Dubai insurance market, said it would cease issuing new insurance policies as of Monday.