QIC Group Management

He joined QIC in 1986, and has been instrumental in leading the Group for over 25 years. QIC’s growth and current strength is attributable to his experience, foresight and leadership. Under his leadership, QIC has grown from a modestly sized local company to the largest well-diversified insurance group in the Middle East and North Africa in terms of profitability and market capitalisation. Mr. Subaey completed his graduation from Central Michigan State University in the US. After returning from the US, he joined the state-owned oil company of Qatar General Petroleum Corporation (now Qatar Petroleum) and undertook several roles within the Finance Department.

He joined QIC in 1986 and had worked in various departments and was subsequently appointed as the Head of Technical department, handling claims and reinsurance. In 2010, Mr. Fadala was appointed as CEO of Damaan Islamic Insurance Company (Beema), an entity of the QIC Group and assumed responsibility to further grow and raise the profile of Takaful and the newly founded establishment. Owing to his visionary foresight, in 2013, he was appointed as the Senior Deputy Group President & CEO of the QIC Group and was elected as a Board Member for various entities within the Group. More recently, he has been appointed as a Board member in Commercial Bank of Qatar (CBQ) representing QIC.

He joined QIC in 1986, as part of the management team and is credited with elevating QIC to its position as one of the leading insurance groups in the region. Apart from his overall financial and general management responsibilities, Sunil is directly responsible for managing the investment strategy of QIC, which involves the management of assets (investments and cash) in excess of USD 4 billion. Sunil has been instrumental in driving the Group’s international growth and in implementing its strategy of diversifying its revenue base.

A postgraduate from the University of South Wales in Wales, Salem Al Mannai is the Deputy Group President & CEO of QIC Group. He started his career with QIC in 2001 and after working for two years in the motor department, Salem was awarded a scholarship to complete his degree in the UK. In 2006, he joined the Marine department of QIC as a Senior Underwriting Officer and was appointed as the Assistant Vice President for Cargo. In 2013, Mr. Mannai assumed the responsibility of the Deputy CEO of QLM. In 2015, Salem was appointed as the Deputy Group President & CEO of QIC MENA region. Basis his wealth of knowledge and experience, in 2019, Salem was assigned the position of Deputy Group President & CEO of the QIC Group. Salem has been instrumental in bringing innovative solutions to cement QIC Group’s position as a pioneer in the insurance industry arena, both in the MENA region and across international markets.

A graduate from Saint Leo University, Fahad Al Suwaidi completed his Bachelor of Arts in Management in the US. He joined QIC’s Motor Claims department as a Manager and subsequently was appointed as the Senior Manager. Fahad was later appointed as the Senior Manager for Property and Commercial Risks. The following year Fahad moved to Marine, Energy & Aviation Risks Department. Fahad has now assumed responsibility as Deputy CEO of QIC Qatar Operations. Fahad has played a key role in digitizing procedures to improve efficiency through automation of processes.

A post graduate diploma holder in Business Management and a Fellow of the Insurance Institute of India, has served more than 38 years in the insurance industry in India, the Middle East, and Australia. His career began in India with the National Insurance Company for whom he worked for nine years. He then came to the Gulf and worked in Bahrain for three years before joining Qatar Insurance Company as a key member of the Management team. In 1997, Mr. Alexander left Qatar to take up residency in Australia and utilised the sabbatical to gain more international exposure before returning to QIC in early September 2001.

Ahmed joined QIC Group in 2011 and has over nine years of experience in the industry. He has a wide range of knowledge and expertise in Audit, Advisory and Financial services to a broad range of industries. Prior to joining the QIC Group, Ahmed was working with KPMG audit and advisory in Qatar and in Egypt. Ahmed is a qualified Chartered Accountant and a Fellow of the Association of Chartered Certified Accountants (ACCA) in the UK. He is also a member of the CFA institute and holds an MBA degree from Oxford Brookes University.

Varghese P David is the Group Chief Financial Officer & Executive Vice President of QIC Group. Varghese has over twenty five years of industry experience out of which over twenty years were in the Middle East. Varghese joined QIC Group in 1998 and for the past 17 years has varied experience in finance, internal audit, IT and risk management. Prior to joining QIC Group, Varghese was with Sedgwicks Group in the UAE, a leading insurance broker, which is now part of Marsh. Varghese is a qualified Chartered Accountant and a Fellow of the Institute of Chartered Accountants of India. He is also a Certified Internal Auditor (CIA) with the Institute of Internal Auditors, USA and a qualified CISA professional with ISACA, USA.

Saji has been with QIC Group since 2007 and was earlier involved in compliance, internal audit, corporate governance, risk management and internal control related functions. He started his career in general insurance in Mumbai in 1985 with the New India Assurance Co through the Assistant Administration Officer (A/cs & Audit) national selection test. He was also a part of the team that pioneered introduction of credit insurance in the public sector insurance environment in India. Eventually he assumed responsibility for its countrywide operations before relocating to the Middle-East. Saji is a Fellow of the Insurance Institute of India (FIII), a Certified Internal Auditor (CIA) from the Institute of Internal Auditors (IIA), USA and holds a Bachelor’s Degree in Commerce. He is also a Fellow of the Institute of Chartered Accountants of India (FCA).

Mark was appointed Chief Risk Officer for QIC in January 2016. This new role comprises Group-level responsibility for Risk Management, Exposure Management, Actuarial, Capital Modelling, Compliance and Corporate Governance. At the time of QIC’s acquisition of Antares in 2014 he was Chief Risk Officer and Chief Operating Officer, a position he had held since joining Antares in 2012. Prior to joining Antares, Mark headed his own company, Acuitas Consulting Ltd, which provided strategic and operational advice to insurance businesses in the London market. Mark previously spent ten years working for Chaucer Holdings PLC, a FTSE-250 listed company, initially as Group Actuary and later as Chief Financial Officer. Prior to his time at Chaucer, Mark was Chief Actuary at Ashley Palmer Ltd. He started work in the insurance industry in 1987, having completed a BSc in Geophysics and an MSc in Mining Geology and Mineral Exploration. Mark is a Fellow of the Institute of Actuaries.