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Karine Cherfane Haddad has been working in the Insurance and Reinsurance field for more than 18 years. She is currently the managing director of “General Reinsurance Services Ltd.” (GRS), a Reinsurance Brokerage Firm based in Lebanon which has been in operation for over twenty years. GRS has its origin back to 1994. Karine Cherfane Haddad is also one of the principal shareholders of the Company.
The GCC market is the hub for Takaful, the biggest number of Takaful companies is around 206 companies exist in the GCC while in the MENA region probably there are only 34. Historically, insurance has not been popular in Islamic countries. Demographic change and other societal transformations are, however, creating market opportunities for Takaful.
TAKAUD is a specialist savings & pensions business serving the national & expatriate community. Incorporated in 2011, it’s first for the region offering provides global investment expertise utilising best in class selected investment solutions developed specifically for the MENA region.
International team with an international presence:Fenchurch Faris Ltd. group photoBy striking a balance between caution and calculated risk and adhering to the fundamental principles of the insurance profession, insurance & reinsurance broker, Fenchurch Faris Ltd., have managed to weather the political and economic storms that have often lashed the Middle East insurance market.
The regional reinsurance market saw rampant competition this year, the entry of a lot of new companies and ample capacity which made conditions tough, according to Mohamed El-Dishish, CEO of Al Fajer Re. Founded in 2008, Al Fajer Re, has a paid up capital of KD 50 million ($176.6 million). The company is supported by its institutional investors, the Dubai.
