A member of Broker at Member of Wells Fargo

A member of Broker at Member of Wells Fargo

2009
A member of
Broker at
Member of Wells Fargo Global Broker Network
ATHENS MAIN OFFICE TEAM
Fenchurch Faris Ltd.
11 Nirvana Street • Voula 166 73 • Greece
T: +30 210 8947587 • T: +30 210 8945632 • F: +30 210 8942549
E: [email protected] • W: www.fenfar.gr
KEY CONTACTS:
Basim R. Faris, Managing Director (CEO) - [email protected]
Mohammed El-Sayyed, General Manager (COO Athens) - [email protected]
Imad Garaisy, Senior Manager (Liability, PI & Engineering) - [email protected]
Magda Pastalatzi, Senior Manager (Property & Special Risks) - [email protected]
Rafat B. Faris, Manager (Marine, Aviation, Health & PA) - [email protected]
Kannan Nagarajan, Chief Financial & Treaty Manager - [email protected]
Athina Sirbopoulou, Manager (Closings) - [email protected]
Sindy Kolyva, Manager (Professional Indemnity) - [email protected]
Michael Mangos, Manager (Liability & Engineering) - [email protected]
Zayd B. Faris, Business Development Manager - [email protected]
LONDON OFFICE
Fenchurch Faris Ltd. C/O Heath Lambert Group
133 Houndsditch • London EC3A 7AH • England
T: +44 (0) 20 7560 3000 • F: +44 (0) 20 7234 4069
W: www.heathlambert.com
KEY CONTACTS:
Adrian Colosso, CEO - [email protected]
Will Bloomer, Company Secretary & Group Counsel - [email protected]
KUWAIT OFFICE TEAM
Fenchurch Faris Ltd. - Fahed Al-Salem Street, 4th Floor Al-Rashed Building
P.O. Box 25483 Safat,13115 Safat, Kuwait
T: +965 2 241 4124 • T: +965 2 241 8371 • F: +965 2 245 7976
E: [email protected] • W: www.fenfar.gr
KEY CONTACTS:
Sami Bekhazi, General Manager - [email protected]
Jamal El-Amad, Deputy General Manager - [email protected]
Zakaria Mohie El-Din Hashem, Chief Accountant - [email protected]
Anita Ferrao, Assistant Manager (Life & Medical) - [email protected]
Jemraj Thomas, Assistant Manager (Fire & General Accident) – [email protected]
AMMAN OFFICE TEAM
Fenchurch Faris (Jordan) Ltd. (Insurance Brokers)
Jordan Insurance Company Building No. 2, 5th Floor,
Third Circle, Prince Mohammad Street, P.O. Box 840371, Jabal Amman 11181, Jordan
T: +962 6 4610 293-5 • F: +962 6 4610 296
E: [email protected] • W: www.fenfar.gr
KEY CONTACTS:
Habash Farraj, Consultant - [email protected]
ABU DHABI OFFICE TEAM
Fenchurch Faris Ltd., P.O. Box 45052
Abu Dhabi, United Arab Emirates
T: +971 2 674 0981/2 • F: +971 2 674 0978
E: [email protected] • W: www.fenfar.gr
KEY CONTACTS:
Osama Dayeh, Branch Manager – [email protected]
Zayd Faris, Business Development Manager - [email protected]
FENCHURCH FARIS HELLAS OFFICE TEAM
Fenchurch Faris Hellas, Brasilia Center,
34 Metaxa Street, Glyfada 166 74, Greece
T: +30 210 8947518 • F: +30 210 8947520
E: [email protected] • W: www.fenfar.gr
KEY CONTACTS:
Pantelis Stamatakis, Manager - [email protected]
ACTIVITIES:
• Wholesale Reinsurance Broking for insurance companies operating in the Arab
Middle East and Greece
• Insurance, Reinsurance & Risk Management Consultancy for insurance companies
as well as conglomerates operating in the Arab Middle and Greece
• Insurance Broking: Fenchurch Faris Ltd. also acts as a retail insurance broker for
major clients working in the region
PRODUCTS:
Engineering:
Aviation:
• CAR – EAR – MBD
• Deterioration of Stock (DOS)
• Contractors Plant Equipment
& Machinery (CPEM)
• Energy
• Airport Liability
• Airport Contractors
• Aircraft Insurance
• Airline Insurance
Marine:
Life & PA:
• Marine Cargo & Marine Hull
• Yacht
• Builders All Risks
• Protection & Indemnity (P&I)
• Life & PA (Group & Individual)
• Medical (Group & Individual)
• Credit Life
• Travel Insurance
Property:
• Property All Risks (PAR) / LOP
• Fire & Allied Perils
• Hotel Comprehensive Cover
Political Risks:
• S&T and SRCCT
• War on Land
• Kindnap & Ransom including
Emergency Political Evacuation
Financial Lines:
• BBB – ECC – PI
• Directors & Officers Liability (D&O)
• Credit/Plastic Card
• Stock Brokers PI
• Credit Risk
• Money in Transit - Money in Safe
• Fidelity Guarantee
• Crime Bond – 3D
• Cyber Liability
Casualty:
• Public & Product Liability
• Third Party Liability (TPL)
• Professional Indemnity (PI)
• Medical Malpractice
• Errors & Omissions (E&O)
Special Risks:
• Jewellery Block
• Event Cancellation & Abandonment
• Bloodstock/ Livestock
• Agriculture
• Specie (Fine Arts, TV, Films, VIP
& Armored Cars)
Binding Facilities:
• Professional Indemnity
• Property
• Marine Cargo
• Yachts
• Liability
• Stock Brokers PI (Lloyd’s)
• Sabotage and Terrorism
• Motor Physical Damage
Treaty Reinsurance
• Proportional Treaty Reinsurance
(All classes)
• Excess of Loss Treaty Reinsurance
(All classes)
WHAT SECURITY DO WE USE? (by reinsurer)
Total Annual Gross Premium Ceded as at Financial Year Ending 31st December 2008
US$ 50,597,000 (Excluding Fenchurch Faris Ltd, Kuwait)
Heath Lambert, Lloyd's & London Market 26%
Arabia Ins. Co. (Lebanon) 2%
Hannover Re (Germany) 13%
SAICO (Saudi Arabia) 2%
Swiss Re (Switzerland) 11%
Mapfre Re (France) 2%
Munich Re (Germany) 9%
AIG (USA) 2%
Infrassure (Switzerland) 5%
Arig Re (Bahrain) 1%
SCOR (France) 5%
R + V (Germany) 1%
Allianz Aktiengesellschaft (Germany) 4%
Others: 11%
CCR (France) 3%
Arab Re (Lebanon) 3%
*Others
Al Ain Ahlia Ins. Co. • Abu Dhabi Nat'l
Ins. • Africa Re • Axa Corp. Solutions •
Best Re • Bahrain Nat'l Ins. • Emirates
Ins. • General Ins. Co. • General Arabia
Ins. • Guardian General • Int'l General
Ins. • Kuwait Re • Korean Re. • Liberty
Mutual Europe • Lemma Joint Stock •
Middle East Ins. • Oman Ins. Co. •
Partner Re • Trade Union Ins. • Trust
Int'l Ins.
SHAREHOLDER’S RATIO
Total Paid-up Share Capital as at 31st December 2008 US$ 1,092,454
Faris Family 50.17%
Al-Said Ltd 25.16%
Heath Lambert Group 10%
Sami Bekhazi 6.02%
Mohammed El-Sayyed 3.40%
Imad Garaisy 2.25%
Magda Pastalatzi 2.00%
Kannan Nagarajan 1.00%
GROWTH OF PREMIUM WRITTEN
Total Annual Premium Written for the Financial Year Ending
at 31st December 2008: US$ 74,303,000
80
70
US$ in Millions
60
50
40
30
20
10
0
2003
2004
2005
2006
2007
2008
GROWTH OF GROSS REVENUE
Total Annual Gross Revenue as at 31st December 2008 US$ 8,095,000
10
US$ in Millions
8
6
4
2
0
2003
2004
2005
2006
2007
2008
PREMIUM WRITTEN BY AREA
Total Annual Premium Written for the Financial Year
Ending at 31st December 2008: US$ 74,303,000
UAE 27%
Europe 22%
Kuwait 21%
Jordan 9%
Lebanon 6%
Saudi Arabia 5%
Qatar 4%
Oman 3%
Palestine 1%
Bahrain 1%
Other countries 1%
Egypt • Sudan • Syria • USA
PREMIUM WRITTEN BY CLASS
Total Annual Premium for the Financial Year Ending at
31st December 2008: US$ 74,303,000
Engineering 27%
Liability 25%
Marine & Avn. 13%
Prop./Fire 11%
Treaty 6%
Medical 6%
Political Risk 4%
Financial Inst. 3%
PA 3%
Motor 2%