Qatar Re 2016 profits jump on investments

Full-year net income at Qatar Re grew by 52.3 percent to $38mn
for 2016, as net investment income more than tripled from a year
earlier.
Net investment income surged to $32.7mn for the year, from $10.7mn
in 2015.
The investment performance offset a deterioration in underwriting
performance, which was impacted by an "unusually high"
frequency of man-made losses, as well as sizeable losses from
Hurricane Matthew and the New Zealand earthquake, Qatar Re said.
The full-year 2016 combined ratio incre