Sutherland Named CEO Of Qatar Insurance Services

NU Online News Service, April 10, 2:51 p.m. EDT

Former Lloyd's executive James Sutherland has been named chief executive officer of the newly established, government-owned Qatar Insurance Services, QIS announced.

Prior to this appointment Mr. Sutherland was director of business development insurance and reinsurance at the Qatar Financial Center (QFC) Authority.

He previously was with Lloyd's of London where he was responsible for international development and operations. Earlier in his career he spent 11 years running insurance operations in South East Asia and eight years with a global insurance broker in London.

QIS describes itself as a technology-based reinsurance trade fulfillment system to provide secure, structured electronic service and facilitate transaction workflow, the production of documentation, and effective management information to local, regional and global insurance firms.

It will provide foundation for Qatar's objective to become the region's leading insurance and reinsurance center, the QIS said.

QIS is wholly owned by the QFC Authority and is currently located at the QFC Tower, in West Bay in Doha, Qatar.

Abdulrahman Al Shaibi, chairman of QIS and a non-executive director of the QFC authority, said Mr. Sutherland had been instrumental in the establishment of QIS, and he was "an ideal candidate for this important post."

"With the weight of the QIS board to support him he can expect to make rapid headway in establishing QIS as a significant new attraction for the global insurance industry to establish operations in Qatar and the region," added Mr. Al Shaibi.