Al Koot Insurance & Reinsurance Company
Mohammed Bin Thani St, Doha, Qatar
Named after a historical fort, Al Koot, one of the oldest forts in the country which was built in the ottoman period in 1880 when Doha was little more than a village, the company is a symbol of protection for the energy industry. Al Koot was incorporated in 2003 under the Council of Ministers’ Resolution No. 27 issued in accordance with Article 68 of the companies law ( the “AK Decree) as a 100 percent owned captive insurance company of Qatar Petroleum. In 2008 QP decided to set up a Petroleum Services Company and has transferred its ownership of its services companies, namely Al Koot, Gulf Drilling International and Gulf Helicopters to the new Holding Company Gulf International Services (GIS). QP also offered 70% of (GIS) to the public through an IPO process, in line with the state privatization policy. Following the IPO process, Al Koot has become a Subsidiary of GIS, established as a Qatari Shareholding Company under the laws of Qatar. Following this reorganisation, Al Koot is no longer a direct subsidiary of QP. Under the terms of the IPO, QP agreed to continue to use the insurance and reinsurance services to Al Koot as if Al Koot were still the QP group’s captive Insurer.
Chief Risk Officer
Highly motivated and experienced leader in Enterprise Risk Management with over 25 years experience in the general insurance industry with detailed knowledge of actuarial science, econometric modelling and risk financing. Senior positions held at Willis Towers Watson, Swiss Reinsurance, Aon, AIG, Marsh and now at Al Koot Insurance and Reinsurance as their Chief Risk Officer. A recognised trainer, workshop facilitator and conference speaker, Currently training adults in Risk management at Georgetown University in Doha through their community programme. . At Al Koot in 2015 chaired and ran a project with the Senior management team that obtained a Standard and Poors A- stable credit rating for the company. Expert in risk modelling through and advanced research projects and models designed for range of industries including complex risk areas such as Weather, Mortgage,Recycling. A expert in actuarial pricing and reserving for long-tail risks. Some of my recent speaking engagements and invitations in the region in 2016 include: