Marsh has been authorised by the Qatar Financial Centre (QFC) Regulatory Authority to provide a broad range of insurance broking and risk advisory services in Qatar.
Duncan Buchanan, CEO of Marsh Qatar LLC, commented: “This is excellent news for our clients and for Marsh. Qatar is one of the world’s fastest growing economies and the flow of companies entering the market to support this expansion is remarkable.
Robert Makhoul, Head of Marsh’s Middle East Operations, added: “Marsh and its sister MMC companies have been operating successfully in the Middle East region for many years. We are proud of our track record, local knowledge and industry expertise and are confident there will be strong demand for the kind of broking and advisory services we can offer in Qatar.”
He also explained: “As the risk landscape evolves, it is increasingly important for companies to examine the potential risks they may face and then devise the most effective methods to mitigate them. Companies are undoubtedly applying a more sophisticated approach to risk. With the license issued by the QFC Authority, Marsh will be better able to advise clients in Qatar on these business-critical issues and develop effective solutions matched to their particular needs.”
Stuart Pearce, CEO and Director General of the QFC Authority, added: “Without such world class intermediaries no insurance market is complete. Marsh will bring valuable risk management and transfer expertise to the local and regional market and will support our objective to become the region’s leading insurance and reinsurance hub.”
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