"Qatar is an important and growing Insurance market and we are delighted to be joining the QFC. We look to contribute to the development and growth of the Qatar Insurance Market by bringing over 30 years of experience within the Middle East as well as our International technical capabilities and resources for the benefit of the Qatar business community."
Stuart Pearce, CEO and General Director QFC Authority, said:
"The QFC has attracted a wide range of local, regional and international financial institutions, largely because of its world class legal and business environment together with the undeniable opportunities for firms to bring new capacity into Qatar's growing financial services sector, as well as to the region as a whole. We see insurance and reinsurance as key growth areas for Qatar offering high potential to firms such as HSBC Insurance Brokers, who will play an important role in deepening the sector and contributing to the economy."
The newly opened branch in Qatar is the latest in HSBC Insurance Brokers' expansion plans within the Middle East region. HSBC Insurance Brokers provides insurance broking and consultancy services across the region from offices within The Kingdom of Saudi Arabia and the United Arab Emirates.
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