Nasco Karaoglan opens Qatar office
Doha, March 18, 2009
Nasco Karaoglan Group, a leading insurance group, today officially launched its office in Doha, Qatar.
Nasco Karaoglan Qatar received authorisation from the Qatar Financial Centre (QFC) Regulatory Authority in August 2007 to provide a broad range of insurance broking and risk advisory services in Qatar and was the first Insurance Broker to be licensed by the Qatar Financial Centre and in the State of Qatar.
Karim EL Zyr, manager of Nasco Karaoglan Qatar, said: ’It is an honour to be recognised as the first Insurance Broker in Qatar.”
‘’Nasco`s expertise and role as an insurance broker will definitely add value to all segments of the insurance market in Qatar,’’ he added.
Nasco Karaoglan is an international insurance group that deals with all aspects of insurance and reinsurance.
Established over 40 years ago and currently operating in a number of European countries as well as the Middle East, Nasco Karaoglan operates directly as an insurance broker or through underwriting agencies, or as insurer. It has a substantial interest in several insurance companies and reinsurance companies, operating from the group's head office in Paris.
Georges Nahra, director of Nasco Karaoglan, said: ‘’The insurance business in Qatar has seen substantial growth in the last few years and we are very excited to establish our presence in Qatar.’’
The Doha office of Nasco Karaoglan will liaise with its three other offices in the Middle East region (Dubai, Jeddah and Beirut) to enhance its insurance services for customers active in the Middle East region.
Stuart Pearce, CEO and director general of Qatar Financial Centre Authority, said: “We have already made it clear that we see insurance and reinsurance as a key growth area for the QFC and that Qatar is well positioned to become the hub for insurance and reinsurance for the Gulf region. We are delighted to welcome Nasco Karaoglan to our growing list of international insurance providers.” -TradeArabia News Service