QIC Group Management

Salem Al Mannai serves as the Group CEO of QIC Group, where he oversees the strategic direction and operations of the organization. A postgraduate from the University of South Wales, Salem began his journey with QIC in 2001, starting in the Motor department. After two years in this role, he earned a scholarship to pursue his degree in the UK.

Upon his return, Salem joined QIC’s Marine department in 2006 as a Senior Underwriting Officer, later advancing to the position of Assistant Vice President for Cargo. His leadership trajectory continued as he took on the role of Deputy CEO of QLM in 2013, followed by his appointment in 2015 as Deputy Group President & CEO for QIC’s MENA region.

In 2020, Salem was appointed CEO of QIC Group, a position that highlights his extensive expertise and industry knowledge. Under his leadership, the Group spearheaded innovative solutions that have strengthened QIC’s position as a pioneer in the insurance industry, both within the MENA region and in global markets.

Chirag joined QIC Group in 2004 and has an experience of over 18 years in Treasury & Investment Portfolio Management functions. He has been instrumental in establishing QIC as a leading investment house in the MENA region. Chirag is credited for being one of the early stage portfolio managers in the GCC fixed income space, from the infancy of the market in 2005. Prior to joining QIC, Chirag was with Standard Chartered Bank in Mumbai, India. Chirag is a qualified Chartered Accountant, CFA charter holder and a Certified Treasury Manager.

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.

C.M. Unnikrishnan has over 34 years of experience in the insurance industry of which 26 years have been in the Middle East region. He started his career with The New India Assurance Company before relocating to the Middle East in 1994. He joined QIC in 1997 and has played an integral role in growing QIC’s Property & Commercial business in Qatar & in the wider MENA region. An industry veteran, he has amassed significant hands on experience in underwriting, risk management, reinsurance and client management. He is also credited for enhancing and maintaining broker relationships of QIC ’s different entities in the MENA region.

Sultan Ghani has over three decades of experience in the Insurance Industry and is a well-known veteran of the Industry, for many he needs no introduction. In 1998 he joined Qatar Insurance Company and is credited with developing a consistently profitable Marine & Energy Portfolio in the region for past several years. He also worked in Abu Dhabi Insurance Industry and Bahrain Insurance Industry from 1985 to 1998 March. Sultan holds a Diploma in Insurance awarded by the Chartered Insurance Institute (Dip CII), London, UK and also has a Bachelor’s degree in Science from University of Madras, India and a Post Graduate Diploma in Marketing Management from University of Madras, India.

Rashid Al-Buainain is the Group Chief Administrative Officer of QIC Group. Rashid’s journey began when he graduated from Leeds Beckett University in the UK, where he earned his degree in Business Management. After Completing his studies, Rashid started his career in the Ministry of Education, where he gained invaluable experience and skills. In 2003, he joined QIC Group, and throughout his tenure at QIC, Rashid played a critical role in the administration, facilities and operations management of the company. His leadership and unwavering commitment to excellence have been instrumental in the implementation of several key initiatives that have helped QIC to grow and thrive. In his role as the Group Chief Administrative Officer, Rashid oversees a wide range of critical functions within the Group.

Ahmed Al Jarboey is the Chief Operating Officer of QIC. He is a highly qualified individual with extensive experience in the insurance sector. He obtained a diploma in Marketing from the College of the North Atlantic and a Bachelor’s degree in Business Administration from the University of Derby in the United Kingdom. Al Jarboey started his career at Qatar Insurance Company in 2006 and worked his way up the ranks. He gained valuable experience working in various departments, including retail, property and commercial, and claims. He held several managerial positions, including Assistant Manager in the Retail Department, Assistant Manager in the Property & Commercial Department, and Senior Manager in the Motor Claims Department. Al Jarboey was then appointed as Senior Vice President-MENA Retail & Motor, where he played a key role in the company’s success.

Lars is the Chief Digital Officer at QIC Group. His role focuses on building QIC Digital Venture Partners -a new digital organization to build and invest in – digital ventures, the InsurTech ecosystem and international partnerships while transforming the way QIC operates digitally. He comes from Zurich Insurance Group where he was working as a Venture Builder in P&C, Life & Commercial Insurance. He has over 20 years of extensive experience in building & managing digital companies in Insurance, Financing, Leasing, Automotive and Education. With a passion for new digital business models, platforms & ecosystems, he is also Strategic Advisor to several digital startups.

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.