Qatar-based SEIB Insurance has been selected by Qtel, a telecom provider, for its directors and officers liability insurance program to cover an estimated $600m worth of liability.
Directors and officers liability insurance covers liabilities of the corporation as well as the personal liabilities of directors and officers of the corporation.
Qtel said that policy has been designed to ensure that the liability insurance program reflects its growing global profile, providing support across its operations.
SEIB Insurance & Reinsurance CEO CEO Farid Chedid said SEIB aims to deliver the highest standards of service, value and integrity, and it is a major step for the insurer to work with a global giant like Qtel that shares its values so strongly.