Latest news with #QIC
Zawya
16-07-2025
- Automotive
- Zawya
QIC wins Customer Experience Initiative of the Year title at Insurance Asia Awards
Doha, Qatar: Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the 'Customer Experience Initiative of the Year in Qatar' title at the 2025 Insurance Asia Awards. The accolade was announced during the program's annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent. This prestigious recognition underscores QIC's success in delivering a seamless and innovative customer journey through its QIC App, the company's flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users' experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life. Commenting on the award, Mr. Salem Al Mannai, Group CEO of QIC, said: 'We are honored to be recognized once again by one of the most respected insurance award programs in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC's digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.' QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it's purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country. Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine's Insurance Asia Awards is one of the most prestigious award programs continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industry benchmarks. To learn more about QIC App or to download the application, visit
Qatar Tribune
15-07-2025
- Automotive
- Qatar Tribune
QIC wins ‘Customer Experience Initiative of the Year' title at Insurance Asia Awards
Tribune News Network Doha Qatar Insurance Company (QIC), the leading insurer in Qatar and the MENA region, has been awarded the 'Customer Experience Initiative of the Year in Qatar' title at the 2025 Insurance Asia Awards. The accolade was announced during the programme's annual awards ceremony held last week in Singapore, attended by representatives from leading insurers across the continent. This prestigious recognition underscores QIC's success in delivering a seamless and innovative customer journey through its QIC App, the company's flagship platform. Designed to cover the daily digital needs of everyone in Qatar, the app has significantly simplified users' experiences, enabling them to instantly understand their coverage needs, purchase policies in just a few clicks, and conveniently access a suite of non-insurance services related to everyday life. Commenting on the award, QIC Group CEO Salem Al Mannai said, 'We are honored to be recognized once again by one of the most respected insurance award programmes in Asia, and to see our solutions acknowledged by a panel of renowned industry experts. This achievement affirms the strength of QIC's digital strategy, and our ongoing commitment to enhancing the customer journey with cutting-edge, user-centric solutions. 'Our investment in digital innovation over the past few years has allowed us to consistently deliver better access to the best coverage for everyone in Qatar, and we look forward to building on this momentum and setting new benchmarks for digital excellence at local and regional levels.' QIC App is the first and only platform of its kind in Qatar, offering integrated insurance and non-insurance features through a single interface. Whether it's purchasing or managing policies, paying installments, or submitting and tracking claims, the app offers a comprehensive digital ecosystem for all insurance needs. QIC App also includes value-added solutions such as a car marketplace, car rentals, repair and detailing services, and other features designed to enhance convenience and peace of mind for customers across the country. Insurance Asia Magazine is a biannual publication based in Singapore, providing in-depth insights into the Asian insurance sector through news, interviews, and expert analysis. The magazine's Insurance Asia Awards is one of the most prestigious award programmes continent-wide, recognizing insurers that have achieved outstanding milestones, introduced innovations, and set new industrybenchmarks.
Cision Canada
15-07-2025
- Business
- Cision Canada
La Caisse invests US$200 million in QIC-backed Renewa to accelerate funding of land under clean energy infrastructure
HOUSTON, NEW YORK and MONTREAL, July 15, 2025 /CNW/ -- QIC and global investment group La Caisse (formerly CDPQ) today announced that La Caisse has made a US$200 million primary equity commitment in Renewa, acquiring a stake in the business. Renewa is a fast-growing land under infrastructure company that provides long-term capital solutions to landowners and renewable energy project developers across the United States. With La Caisse's equity commitment as well as new debt commitments from other sources, Renewa has now secured total funding commitments of more than US$750 million since inception in 2022. As the global energy transition unfolds, Renewa is employing innovative land financing partnerships to meet the critical need for land suitable to support clean energy projects. More than 20 million acres of land in the US will be needed to accommodate the solar, wind, and energy storage facilities required to modernize the nation's energy infrastructure and enhance energy independence, according to estimates. Renewa owns one of the largest independent portfolios of land under renewable energy projects in North America. The company either owns the land or holds a ground lease under more than 140 major clean energy assets with total exposure to clean energy projects representing approximately 26 GW of renewable energy. "QIC-backed Renewa is unlocking a critical piece of the renewable energy puzzle: access to land. Given the scale and reach of our global renewable energy projects, we see opportunities with their model," said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse. "With this investment from our sustainable land management strategy, we hope to accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders." "We are delighted to have earned La Caisse's support at this stage of Renewa's growth as a leader in the energy transition," said Stephen Lee and Gage Mooring, Co-Founders and Co-CEO's of Renewa. "With QIC and La Caisse, we have invaluable partners who understand that access to land and innovative capital solutions for landowners and developers are essential to making renewable energy growth possible. We look forward to working together to further expand our footprint across North America and build a more resilient energy future." "We take great pride in Renewa's unique approach: financing the energy transition from the ground up," said Arash Shojaie, Partner, QIC Infrastructure. "As Renewa continues to grow, we are pleased to welcome La Caisse as a like-minded partner that is equally committed to see value in the growth outlook for the business." Renewa's network has grown substantially since its acquisition by QIC-managed funds in 2022. It has expanded from supporting 16 renewable operators in 4 states to more than 75 across 30 states, including top-tier renewable energy developers and international independent power producers (IPPs) such as Acciona Energy North America, AES, Deriva Energy, Enbridge, Enel Green Power North America, Invenergy, Lightsource bp, Pattern Energy, SB Energy, Strata Clean Energy, Swift Current Energy, and Total Energies. In doing so, Renewa has established a presence in every major US power market and entered key states including California, Arizona, Colorado, Illinois, Indiana, New York, Ohio, Virginia, and Nevada. Orrick, Herrington & Sutcliffe LLP acted as legal counsel and Guggenheim Securities acted as exclusive financial advisor to QIC and Renewa on the transaction. Eversheds Sutherland and Hogan Lovells acted as legal and tax counsels to La Caisse on the transaction. About Renewa Renewa is a renewable energy land financing company accelerating the clean energy transition by acquiring land and lease interests under renewable energy projects. Renewa partners with landowners, developers, and project owners to deploy long-term capital across a ground lease portfolio representing ~26 GW of clean energy in 30 U.S. states, with interests in over 140 projects operated by more than 75 clean energy companies. For more information, visit La Caisse's Sustainable Land Management Strategy La Caisse is making this investment via its Sustainable Land Management initiative, established in 2020 within its Infrastructure portfolio. The mandate seeks to invest in land-focused assets with long-term positive environmental and sustainability impact. About La Caisse At La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram pages. La Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. About QIC Infrastructure QIC Infrastructure is a long-term infrastructure investor with an established international platform, an active-management approach and a proven 18-year track record. With an international team of 87 professionals across five offices, QIC Infrastructure manages A$38.4 billion (US$23.8 billion) across 21 international direct investments. QIC is a market leader in the Australian energy transition, managing A$7.6 billion (US$4.7 billion) in Australian and New Zealand energy assets since 2007 across the energy value chain (as of Dec. 31, 2024). SOURCE Renewa; La Caisse
Yahoo
15-07-2025
- Business
- Yahoo
La Caisse invests US$200 million in QIC-backed Renewa to accelerate funding of land under clean energy infrastructure
HOUSTON, NEW YORK and MONTREAL, July 15, 2025 /CNW/ -- QIC and global investment group La Caisse (formerly CDPQ) today announced that La Caisse has made a US$200 million primary equity commitment in Renewa, acquiring a stake in the business. Renewa is a fast-growing land under infrastructure company that provides long-term capital solutions to landowners and renewable energy project developers across the United States. With La Caisse's equity commitment as well as new debt commitments from other sources, Renewa has now secured total funding commitments of more than US$750 million since inception in 2022. As the global energy transition unfolds, Renewa is employing innovative land financing partnerships to meet the critical need for land suitable to support clean energy projects. More than 20 million acres of land in the US will be needed to accommodate the solar, wind, and energy storage facilities required to modernize the nation's energy infrastructure and enhance energy independence, according to owns one of the largest independent portfolios of land under renewable energy projects in North America. The company either owns the land or holds a ground lease under more than 140 major clean energy assets with total exposure to clean energy projects representing approximately 26 GW of renewable energy. "QIC-backed Renewa is unlocking a critical piece of the renewable energy puzzle: access to land. Given the scale and reach of our global renewable energy projects, we see opportunities with their model," said Emmanuel Jaclot, Executive Vice-President and Head of Infrastructure at La Caisse. "With this investment from our sustainable land management strategy, we hope to accelerate the development of key infrastructure while safeguarding ecosystems and managing local stakeholders." "We are delighted to have earned La Caisse's support at this stage of Renewa's growth as a leader in the energy transition," said Stephen Lee and Gage Mooring, Co-Founders and Co-CEO's of Renewa. "With QIC and La Caisse, we have invaluable partners who understand that access to land and innovative capital solutions for landowners and developers are essential to making renewable energy growth possible. We look forward to working together to further expand our footprint across North America and build a more resilient energy future." "We take great pride in Renewa's unique approach: financing the energy transition from the ground up," said Arash Shojaie, Partner, QIC Infrastructure. "As Renewa continues to grow, we are pleased to welcome La Caisse as a like-minded partner that is equally committed to see value in the growth outlook for the business." Renewa's network has grown substantially since its acquisition by QIC-managed funds in 2022. It has expanded from supporting 16 renewable operators in 4 states to more than 75 across 30 states, including top-tier renewable energy developers and international independent power producers (IPPs) such as Acciona Energy North America, AES, Deriva Energy, Enbridge, Enel Green Power North America, Invenergy, Lightsource bp, Pattern Energy, SB Energy, Strata Clean Energy, Swift Current Energy, and Total Energies. In doing so, Renewa has established a presence in every major US power market and entered key states including California, Arizona, Colorado, Illinois, Indiana, New York, Ohio, Virginia, and Nevada. Orrick, Herrington & Sutcliffe LLP acted as legal counsel and Guggenheim Securities acted as exclusive financial advisor to QIC and Renewa on the transaction. Eversheds Sutherland and Hogan Lovells acted as legal and tax counsels to La Caisse on the transaction. About RenewaRenewa is a renewable energy land financing company accelerating the clean energy transition by acquiring land and lease interests under renewable energy projects. Renewa partners with landowners, developers, and project owners to deploy long-term capital across a ground lease portfolio representing ~26 GW of clean energy in 30 U.S. states, with interests in over 140 projects operated by more than 75 clean energy companies. For more information, visit La Caisse's Sustainable Land Management StrategyLa Caisse is making this investment via its Sustainable Land Management initiative, established in 2020 within its Infrastructure portfolio. The mandate seeks to invest in land-focused assets with long-term positive environmental and sustainability impact. About La CaisseAt La Caisse, formerly CDPQ, we have invested for 60 years with a dual mandate: generate optimal long-term returns for our 48 depositors, who represent over 6 million Quebecers, and contribute to Québec's economic development. As a global investment group, we are active in the major financial markets, private equity, infrastructure, real estate and private debt. As at December 31, 2024, La Caisse's net assets totalled CAD 473 billion. For more information, visit or consult our LinkedIn or Instagram Caisse is a registered trademark of Caisse de dépôt et placement du Québec that is protected in Canada and other jurisdictions and licensed for use by its subsidiaries. About QIC InfrastructureQIC Infrastructure is a long-term infrastructure investor with an established international platform, an active-management approach and a proven 18-year track record. With an international team of 87 professionals across five offices, QIC Infrastructure manages A$38.4 billion (US$23.8 billion) across 21 international direct investments. QIC is a market leader in the Australian energy transition, managing A$7.6 billion (US$4.7 billion) in Australian and New Zealand energy assets since 2007 across the energy value chain (as of Dec. 31, 2024). Media ContactsFor La Caisse: For QIC (Australia): Conrad Harrington Ben Brew Senior Director t: +61730207055 | m: +61 477 790 145 + 1 514 847-5493 bbrew@ medias@ QIC (North America): For Renewa: Caroline Gentile Julie Nicholson CNG Consulting LLC CashmanKatz (917) 692-5730 (860) 430-2228 caroline@ julien@ View original content to download multimedia: SOURCE Renewa; La Caisse View original content to download multimedia:
Business Wire
11-07-2025
- Business
- Business Wire
AM Best Affirms Credit Ratings of Quanta Insurance Company, Inc.
BUSINESS WIRE)-- AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of 'a-' (Excellent) of Quanta Insurance Company, Inc. (QIC) (Houston, TX). The outlook of these Credit Ratings (ratings) is stable. The ratings reflect QIC's balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management. QIC is a single parent captive of Quanta Services, Inc. [NYSE: PWR], a leading specialized contracting services company, delivering comprehensive infrastructure solutions for the utility, communications, pipeline and energy industries. QIC is domiciled in Texas, and writes, on a direct basis, workers' compensation, commercial auto and general liability deductible reimbursement policies for Quanta Services, Inc., and affiliated entities on an occurrence basis. QIC's captive orientation not only affords it with ready access to business, but it also benefits from its familiarity of these homogeneous risk exposures, its parent's extensive training, fleet management, loss control initiatives and workplace safety. AM Best remains the leading rating agency of alternative risk transfer entities, with more than 200 such vehicles rated in the United States and throughout the world. For current Best's Credit Ratings and independent data on the captive and alternative risk transfer insurance market, please visit This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.
