company profile 17 03 2015
TRANSCRIPT
A leading provider of Insurance and Reinsurance solutions
About us
Based in Dubai, CIBL is led by an experienced team
with a strong track record in providing creative and
tailored made insurance /reinsurance solutions.
CIBL has been operating from Dubai serving clients around
the globe since the year 2000 with quality personnel
with over 100 years combined experience in the industry.
The hands on management approach offers an
individual and proactive approach to the needs of every
client establishing CIBL as a market leader in the region.
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CIBL is committed to adding value to all its clients andunderwriters. CIBL strongly believes and invests in itslong term relationships and partnerships with bothclients and underwriters striving to providetransparency and quality service.
The dedicated team at CIBL firmly believes that satisfiedand well serviced clients and underwriters are the keyto long term success by always striving to exceed clients’and underwriters’ expectations.
As part of a coherent approach to businessdevelopment CIBL provides international specialistinsurance, reinsurance and advisory services toinsurance companies, reinsurance companies and othercorporate entities in its chosen region.
Company approach
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Our mission statement and values
“CIBL brings together its depth of resources, skills, products specialty and qualityservices for reinsurance, risk management and business optimization consulting.
Our team goes beyond arranging conventional Reinsurance cover. Specialistresources at CIBL have enriched clients business performance by contribution inachieving their financial security objectives.
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Nabil BazzariPresident
Doing business based on trust, integrity and sound values are reflected in our business practice.
On behalf of the CIBL family, I would like to convey our gratitude to our clients and underwriters for their ongoingsupport”.
With over 100 years combined international experience, we are focused anddedicated to innovative and specialty lines of Reinsurance solutions in the MENAregion, Africa and Asia. Our operations for risk solutions are driven by businessexcellence motives.
Classes of business
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Marine
• Cargo
• Hull & Machinery
• Protection and Indemnity
• Ports & Terminals Liability
Property & Engineering
• Commercial / Residential / Industrial
• Energy
• Utilities
• Construction All Risks
• Erection All Risks
• Contractors’ Plant & Machinery
• Liability
• Political violence / SRCC / War.
Casuality & Financial Institutes
• General Third Party Liability
• Comprehensive General Liability
• Product Liability
• Product Recall
• Professional Indemnity
• Directors & Officers
• Bankers Blanket Bond
• Errors and Omissions
• (Treaty & Facultative)
Treaty Bouquets
• Proportional Programs
• Non Proportional Programs
Classes of business
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Life Assurance
•Group Life
•Group Credit Life
•Unemployment
• Individual Life
•Bancassurance Programs
Personal Accident & Travel
•Groups & Individuals
•Standard & Specialty Covers
•Sports PA
•Hazardous Occupation PA
•War, Sabotage & Terrorism
•Special Covers for Iraq, Afghanistan and other hazardous countries
Specialty Lines
• Event Cancellation
• Contingencies
• Mortgage Indemnity Guaranty
• Credit Card Enhancements
• Credit Default (non-payment)
• Trade Credit
• Contract Frustration
• Jewelers Block
• War, Sabotage & Terrorism Cover
Health & Medical expenses
• Groups & Individuals
• Proportional & Non Proportional
• (Treaty & Facultative)
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Classes of businessSurety Bonds & Guarantees
•Bid Bonds
•Performance Bonds
•Advance Payment Bonds
•Specialty Bonds
Energy
•Offshore & Onshore
•Oil & Gas
•Utilities
•Exploration and Development
•Operational
•Erection
Political Violence & Terrorism
This is a highly specialized product, where CIBL is able
to offer its strong expertise in providing this service toclients.
Following recent events taking place in the Middle Eastand other regions, CIBL has managed to secure tailormade placements from “A” rated global underwritersfor interests ranging from major hotel chains toindustrial and commercial properties.
CIBL also has strong expertise and ability to securetreaty and facility placements for terrorism coverage.This can be done in the form of a Quota Share, Excessof Loss or Stop-Loss.
High Hazard Countries
• Iraq, Afghanistan and other High Hazard Countries CIBL is well known for its strong experience andcapabilities in arranging specialty covers and full risk solutions for companies doing business inthese countries for risks such as:
•Cargo (Air, Land or Sea) For shipments to, from and within Iraq, CIBL act as Underwriting Agents fora well known, rated and international underwriter being one of the top global underwriters.CIBL also place Cargo to and from other hazardous countries.
•Personal Accident
• Including Repatriation
•Kidnap & Ransom
•Marine & Aviation Hull
•For all the above, CIBL provides the Conventional Covers as well as covering War,Sabotage & Terrorism.
Classes of business
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Domestic Workers Insurance
As CIBL is committed to adding value to all its clients, CIBL has put together a solution for one of thecontemporary age issues faced by most families in the Arab region, providing insurance cover forDomestic Workers using A rated securities.
Employers, in most cases, would put up a significant amount of money to acquire a domestic workerand maybe faced by various issues after the arrival of the worker that would render their initial“investment” as a complete loss. At CIBL we can offer peace of mind to employer by providing aninsurance product which would compensate an employer in case of a few “traditional” issues thatcould arise.
Domestic Workers Insurance Provides cover for sponsors of domestic workers working at theirproperties such as house maids, nannies and cleaners covering the below situations:
•Personal Accident that the worker may suffer while attending to their tasks. (Accidental Death,Disability and accidental Medical Expenses).
•The workers Refusal to Work (including cost of the return ticket).
•Repatriation &/or Burial Costs in case of the workers death.
•Disappearance &/or absconding of the worker.
Classes of business
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Key Personnel
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Nabil BazzariPresident
As founder of CIBL, Mr. Bazzari has been in the insurance and reinsurance industry since 1989 working in theUK, USA, Canada and UAE on broking, consultancy and underwriting. He holds a BA in Business, Accountingand Finance from the UK as well as an ACII (Associate of the Chartered Insurance Institute of London).
Dr. Hazem Al MadiPartner & Managing Director
Joined CIBL in 2015 and has more than 16 years of experience in insurance.Prior to joining CIBL, Dr. Al Madi held many senior positions in the insurance industry. He served as Executive VicePresident for a leading public shareholding insurance company. CEO for public shareholding insurance company, Co -chairman of healthcare task force for the American Business Council in Dubai and Northern Emirates, Member of thehigher Technical Committee of Emirates Insurance Association, Chairman of life and medical technical committee ofEmirates Insurance Association and others.
Key Personnel
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Ramnik RajguruVice President
Joined CIBL in 2014 and has more than 30 years of experience in the insurance and reinsurance Industry. Mr. Rajguruhas worked in the United Kingdom for more than 20 years and has held various Senior Positions within some of thelargest insurance Brokers at Lloyds.
Yazan AtiyatVice President Operations
Joined CIBL in 2007 and has more than 10 years of experience in the insurance and reinsurance Industry. Prior tojoining CIBL, Mr. Atiyat worked with International General Insurance Company (IGI) as an underwriter. He holds anMA in Applied Finance from Australia.
Key Personnel
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Olga Popovic MarjiManager – Broking Department
Joined CIBL in 2009 and has more than 7 years of experience in insurance and reinsurance industry. Educated inSerbia and holds BA degree. Prior to joining CIBL, Mrs. Popovic Marji worked in the Austrian Non-Life InsuranceCompany where she was managing the reinsurance department.
Lorelyn MendozaTechnical Supervisor
Joined CIBL in 2010 and has more than 10 years of experience in insurance and reinsurance industry. Educated in thePhilippines and holds a Bachelor degree in Accountancy. Prior to joining CIBL, Mrs. Mendoza worked in theContinental Insurance Brokers Company where she was a Junior Accountant in Finance & IT Department.
Munazza MasoodFinancial Supervisor
Joined CIBL in 2009 and has more than 5 years of experience in insurance and reinsurance industry and 4 yearsexperience in various industries. Educated in the Pakistan and holds a MBA degree in Finance. Prior to joining CIBL,Ms. Masood worked in the FMCG Company in Dubai where she worked as an Accountant in Finance Department.
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Contact DetailsNabil Bazzari President
Dr. Hazem Al MadiPartner and Managing Director
Yazan AtiyatVice President Operations
Ramnik RajguruVice President
Office Location
Office 501, Building 4,Emaar Business Park,Sheikh Zayed RoadDubai, U.A.E.
Mailing Address
P.O. Box 37131, AL QuozDubai, U.A.E.
Company Email
Telephone
+971 (4) 361 7889
Fax+971 (4) 361 7890