DOHA, 09 March 2009
MultaQa Qatar to attract representatives of top global insurance and re-insurance firms to Qatar
The Qatar Financial Centre Authority is to host the third MultaQa Qatar conference on 14th -16th March at the Sharq Village and Spa in Doha. This pre-eminent international business event is once again being attended by top representatives of major international insurance, re-insurance and brokerage firms. The conference is being organised in association with Global Reinsurance magazine, one of the world’s leading publications for the insurance industry.
MultaQA Qatar 2009 will examine the long-term fundamentals which will continue to shape the regional insurance and reinsurance marketplace once the global economic turmoil has receded. These include above-average economic growth, driven by energy prices which are likely to rebound in the near-term; massive government-sponsored infrastructure projects (which are being continued by most countries in the region despite the current global recession) and factors which are supporting the penetration of personal lines insurance.
HE Yousef Hussain Kamal, Minister of Finance and Chairman of the QFC Authority will deliver the keynote speech at the conference, in which he will reaffirm the government’s commitment to actively support the development of the local insurance and reinsurance markets and to help create a vibrant insurance hub for the Middle East.
Other pre-eminent international and regional speakers at the conference will include Dennis L. Mahoney, Chairman Aon Global, Bob Van Gieson, Chairman, Arch Insurance Company (Europe), and Stuart Pearce, CEO & Director General, QFC Authority.
MultaQA Qatar 2009 will also showcase Qatar to visiting delegates and the programme includes city tours, a visit to the Museum of Islamic Art as well as a golf tournament.
Further details of the event can be found here.
Media Contact:
Steve Martin
Director of Marketing and Corporate Communications
Tel +974 4967755 Mob +974 583 1937 e-mail s.martin@qfc.com.qa
Layla Salem
Senior Media Executive
Tel +974 4967793 Mob +974 5830054 e-mail l.salem@qfc.com.qa
Notes to Editors:
Qatar Financial Centre
The Qatar Financial Centre (QFC) is a financial and business centre established by the Government of Qatar and located in Doha. It has been designed to attract international financial services institutions and major multi-national corporations and to encourage participation in the growing market for financial services in Qatar and elsewhere in the region. The QFC operates to international standards and provide a first class legal and business infrastructure for those operating within the QFC. The QFC was created by Qatar Law No.(7) and has been open for business since 1 May 2005.
QFC Regulatory Authority
The QFC Regulatory Authority is an independent regulatory body established by Article 8 of the QFC Law. It regulates firms that conduct financial services in or from the QFC. It has a broad range of regulatory powers to authorize, supervise and, when necessary, discipline firms and individuals. The QFC Regulatory Authority regulates firms using principle-based legislation of international standard, modeled closely on that used in London and other major financial centers. The Regulatory Authority is currently receiving applications and granting authorisations.
QFC Authority
The QFC Authority is the commercial, administrative and legislative body responsible for driving the commercial strategy of the QFC and for developing relationships with the global corporate community and other key institutions both within and outside of Qatar.
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