Qatar Reinsurance Company, whose industries include maritime shipping, is now in a better position to sell policies throughout the United Kingdom.

The reinsurer said it has been authorised by the Prudential Regulation Authority to carry out certain regulated activities, including reinsurance underwriting, in the UK from its branch office in London.

The location was opened in the city's center in 2013 to establish a presence in the UK but it was not a regulated carrier for underwriting, spokesman Kai-Uwe Schanz said.