The storm had already claimed the lives of at least two people in China's Hainan and 16 people in the Philippines
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The company, which has a long track record of delivering insurance products and services in the Middle East, will expand across the Middle East and North Africa region through its new DIFC-based company, QBE Insurance Europe Ltd (Dubai Branch). The office will be managed by Khalil Eid, who has been appointed General Manager and Senior Executive Officer.
QBE, rated ‘A+’ by Standard & Poor’s, last week announced gross written premium of £6,025 million and a profit before tax of £1,109 million for 2008.
business@khaleejtimes.com
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