Beacon International Group, Ltd.
Beacon International Group, Ltd. is a private company specializing in insurance and financial services media and related resources including the world’s leading media platforms: Business Insurance (USA), Commercial Risk (UK), Workers Comp Central (USA), Asia Insurance Review (serving Asia from Singapore), Middle East Insurance Review and Insurance Advocate (New York). Beacon has drawn top talent together into a new working formula that provides the highest level of carefully edited, wisely and reliably curated intelligence to the world’s insurance and risk management professionals, fulfilling the Company’s motto “Leadership for Leaders …since 1889”. This date refers to the birth of Beacon’s Insurance Advocate, believed to be the oldest continually published insurance medium in the United States, having been formed originally in 1853 and ten again in1889 and published continually ever since. Beacon produces television programming, directories, books and guides, as well. The media are all long established and have among the largest audience of “eyes” each month of any insurance business publishing group.
Middle East Insurance Review (MEIR)
As Middle East Insurance Review (MEIR) enters our 15th year of publication, we remain the strongest industry publication on the ground servicing MENA as well as the broader African markets now.
MEIR is uniquely positioned as we cover three major markets – the Middle East, Africa and Asia.
We are the ONLY publication that is privileged to be the official media of ALL the industry events in the MENA region – such as GAIF, FAIR, AIO, Sharm Rendezvous – as well as those in Asia. Plus, we remain the only magazine with a dedicated section on takaful, putting us in pole position as the trusted source of reliable and up-to-date news on both the conventional and takaful fronts.
Middle East Insurance Review also has in its portfolio the Middle East Insurance Industry Awards (MIIA) that has played an instrumental part in raising industry standards in the seven years since it was first launched. The Awards are regarded as the benchmark for excellence in the market and touted as the Oscars for the industry. With a high-level judging panel, as well as a transparent judging process audited by EY, the MIIA has become a highly-anticipated industry event.
AM Best is the leading international rating agency with a specialist focus on the insurance industry. Best's ratings are recognised by users as the benchmark for assessing the financial strength of insurance-related organisations and the credit quality of their obligations.
AM Best greatly expanded its coverage in MENA, becoming the pre-eminent rating agency for insurers in the region. AM Best's MENA, South & Central Asia office, established in the Dubai International Financial Centre, services clients throughout the region and develops new relationships with both start-ups and established companies.
AM Best has been awarded more than 20 international "Best Rating Agency" accolades between 2009 to 2021.
The Global Symbol of Financial Strength
Founded in 1998, Chedid Re, a company of Chedid Capital, has successfully grown over the years to become one of the leading reinsurance broking powerhouses across Europe, the Middle East, Africa and South Asia.
With offices in Beirut, Casablanca, Dubai, Limassol, London and Riyadh, the iconic insurance solutions provider has forged fruitful partnerships with some of the most trusted reinsurance groups in the world, including Chedid Re’s outstanding track record as an appointed Lloyd’s broker and is hailed today as one of the top 20 reinsurance brokers in the world.
Chedid Re capitalises on its resources, experience, and relationships to deliver outstanding solutions to clients, including more than 400 top insurance companies around the globe. With over two decades of excellence under its belt, Chedid Re’s perfect synergy of customer-centricity, solid management expertise, powerful partnerships, and innovative products, continue to power the company’s expansion plan that aims to reach all thriving and strategic international markets.
A market leader known for its resilience, agility, efficiency, and customer-centricity, Chedid Re’s status was further cemented by claiming ‘The Reinsurance Broker of the Year’ title at the Gulf Insurance Awards 2010, the ‘MENA Insurance Awards’ in 2011, the INSUREX Awards 2010, 2011 and 2013 and the Middle East Insurance Industry Awards (MIIA) 2015, 2017, 2018, 2019 and 2020.
In 2021 Chedid Capital acquired 80% of Ascoma, the leading independent insurance broking network in the French speaking countries; 23 subsidiaries in 21 countries.
Gulf Insurance Group (GIG)
Established in 1962 in Kuwait, Gulf Insurance Group is one of the largest and most diversified insurance groups in the Middle East and North Africa with operations in life and non-life as well as Takaful insurance. The group is one of the leading private insurers (by gross premium written) with a strong competitive market position in Kuwait, Jordan, Bahrain and Egypt. Furthermore, the group has operations in Turkey, Algeria, Oman, Qatar, United Arab Emirates, Saudi Arabia, Syria, Iraq and Lebanon with reported consolidated assets of US$ 2.66 billion as at 30 June 2021.
GIG has created a competitive edge in its markets through the implementation of a comprehensive approach involving use of latest and superior Information Technology services, Innovation in Products and Distribution, Customer Relations Management, robust Enterprise Risk Management, best standards of Corporate Governance, prudent underwriting practices, robust Business Strategy & Decentralized Business Model, focusing Human Capital Development and Digitalization. Our products and services are designed and developed in collaboration with leading international insurance and reinsurance companies to meet individuals’ and corporate customers’ insurance requirements.
GIG holds a Financial Strength Rating of ‘A’ (Excellent) and issuer credit rating of ‘a’ having an Outlook, Under review with developing implications from A.M. Best Europe – Rating Services Limited, a Financial Strength Rating of A- with Positive outlook from Standard & Poor’s and an Insurance Financial Strength Rating (IFSR) of ‘A3’ from Moody’s Investors Service carrying a negative outlook.
KIPCO – Kuwait Projects Company and Canadian based Fairfax Financial Holdings Ltd. are GIG’s major shareholders.
Lloyd’s is the world’s specialist insurance and reinsurance market, offering a unique concentration of expertise and talent. As well as our reputation for providing innovative insurance and reinsurance solutions in more than 60 lines of business, Lloyd’s is committed to being at the forefront of technology change in our industry, led by our ‘Future at Lloyd’s’ initiatives.
Backed by diverse global capital and excellent financial ratings, Lloyd’s works with a global network to grow the insured world – building resilience for businesses and local communities and strengthening economic growth around the world.
For more than six decades, Lloyd’s has worked to strengthen the dynamic insurance and reinsurance market across the Middle East. In 2015, Lloyd’s opened an underwriting hub in the Dubai International Financial Centre to better support the local insurance market with valuable capacity and expertise. Having established itself as the leading market for specialist underwriting across the Middle East, Lloyd’s Dubai works with local cedants and brokers to provide critical protection in a region that continues to evolve and present exciting opportunities.
With its powerful global reach and deep local insights, Lloyd’s is proud to offer its world-class risk cover to businesses and governments in the Gulf Cooperation Council and beyond.
Our purpose is Possibility. At Marsh, the idea of possibility isn’t just something we talk about — it’s something we've lived for over 150 years.
We help our clients and colleagues grow — and our communities thrive — by protecting and promoting Possibility. We seek better ways to manage risk and define more effective paths to the right outcome. We go beyond risk to rewards for our clients, our company, our colleagues, and the communities in which we serve.
With offices in more than 130 countries, Marsh is the world’s leading insurance broker and risk advisor. We provide industry-focused brokerage, consulting, and claims advocacy services, leveraging data, technology, and analytics to help reduce our clients’ total cost of risk.
With around 40,000 colleagues worldwide, we provide our commercial and individual clients with insights, advice, and support in the local markets in which they operate or where their business may face risks. We help you understand coverage nuances, regulatory developments, and risk trends. And we work together with you on placement, mitigating risk, and optimizing your risk spend.
Reinsurance Group of America, Incorporated (RGA) is a leader in the global life reinsurance industry, with approximately $3.5tn of life reinsurance in force and assets of $84.7bn as of 31 December 2020. With operations in key markets around the world, RGA supports domestic and multinational clients in more than 80 countries.
RGA is at the forefront of the industry, recognised for deep technical expertise in risk and capital management, innovative approaches, and an unwavering commitment to its clients. RGA specialises in individual and group life and health reinsurance and financial solutions. In collaboration with clients, RGA also provides complementary offerings to enhance their success, including facultative underwriting, product development, and data-driven digital solutions.
For nearly 50 years, RGA has partnered with insurers to identify opportunities, address challenges, and develop competitive products and services. RGA puts this philosophy of partnership into practice every day, for every client, and in every region where it does business. Clients know that when they work with RGA, they are joining forces with industry experts dedicated to achieving results. From advances in underwriting to market-first capital structures, RGA helps clients improve their ability to assess risk profitably and meet the demands of a dynamic industry.