THE SYNDICATE RATING – 2020

THE SYNDICATE RATING

FAIR Oil & Energy Insurance Syndicate is proud to be the first entity of its kind to be rated by a reputable international rating agency.

A.M. Best has affirmed the following ratings for the Syndicate:

Financial Strength Rating (FSR) B+ (Good) with stable outlook.
Issuer Credit Rating (ICR) bbb- with stable outlook.

A.M. Best Ratings: FAIR Oil & Energy Insurance Syndicate (FOEIS)

“The ratings reflect the Syndicate’s balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management.”   A.M. Best

To Download a copy in PDF, CLICK HERE…<<..   

The Syndicate, Platinum sponsor of 5th Lebanon International Oil & Gas Summit

The Syndicate, Platinum sponsor of 5th Lebanon International Oil & Gas Summit

Under the patronage of Lebanon’s Ministry of Energy and Water, the 5th Lebanon International Oil & Gas Summit (LIOG), took place between 2nd and 4th April 2019 in Beirut. The FAIR Oil & Energy Insurance Syndicate, managed by Trust Re, was platinum sponsor of this successful event, which was organised around the slogan ‘A full stream of insights and opportunities’. Over 550 participants from 28 countries around the world, including top public and private sector officials, attended.

Participants benefited from insightful information and debate as well as dedicated networking opportunities. On the second day of the conference, Nabil Hajjar Managing Director – FAIR Oil & Energy Insurance Syndicate and Senior Advisor to the Management of Trust Re chaired the session “Risk Mitigation & the Role of the Insurance & Reinsurance Industry”. The session focused on the inherent operational risks and challenges in the oil and gas industry and the vital role of the insurance sector in the transfer and mitigation of these risks.

Mr. Hajjar discussed “The importance of creating local capacities through Syndicates and Pools”. Contributing to the fruitful discussion were Nadjib Bouzeboudjen,  Head of Energy & Engineering Trust Re who presented the topic “The Role of insurance & Reinsurance in the Energy Industry” and guest speaker Mr. George Kabban, CEO of UIB, whose topic was “A blueprint for Insuring Lebanon’s Hydrocarbon Future”. Ahmed Al Mahmeed, Underwriting Manager, FAIR Oil & Energy Insurance Syndicate, participated in the summit as a delegate.

In addition to the conference-registered participants, 50 Lebanese VIP insurance personalities were invited by the Syndicate/Trust Re to attend the session. The VIPs were granted full day passes to the sessions and were invited for lunch, which was sponsored by the Syndicate.

THE SYNDICATE RATING – 2018

THE SYNDICATE RATING

FAIR Oil & Energy Insurance Syndicate is proud to be the first entity of its kind to be rated by a reputable international rating agency.

A.M. Best has assigned the Syndicate the following upgraded ratings:

Financial Strength Rating (FSR) B+ (Good) with stable outlook.
Issuer Credit Rating (ICR) bbb- with stable outlook.

A.M. Best Ratings: FAIR Oil & Energy Insurance Syndicate (FOEIS)

The ratings reflect the Syndicate’s balance sheet strength, which A.M. Best categorizes as strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management”.

A.M. Best

To Download a copy in PDF, CLICK HERE…<<..