From a staff of three in 1984, Fenchurch Faris Ltd. today employs more than 100 people with annual gross revenue exceeding US$ 14,000,000 (FY 2015) and with an annual gross written premium of almost US$ 140,000,000 (FY 2015). Fenchurch Faris has a major presence throughout the Middle East and in Europe, with dedicated offices in Athens, Kuwait, Abu Dhabi, Dubai, Amman, Riyadh, Al Khobar, Muscat and the DIFC.
Fenchurch Faris, a coverholder at Lloyd’s, has strong and time-tested relationships with regional and international A-rated securities. We also work closely with our partners and associates, Arthur J. Gallagher (Lloyd's Broker), in order to combine Arab expertise with Lloyd's broking professionalism. Our London partners provide us with specialized areas of expertise, experience, knowledge and access to global insurance markets. They also assist in recruitment, training and by providing global insurance market intelligence.
Our clients include companies from across a wide spectrum of industries, including construction and commerce, in addition to insurance and reinsurance companies that need professional management consulting.
To effectively serve its global clients, Fenchurch Faris Ltd. is a member of major international insurance broking networks, including the Arthur J. Gallagher Global Alliance.
Fenchurch Faris Ltd. can provide expert advice to any foreign or domestic entity on all insurance, reinsurance & risk management matters.
Fenchurch Faris Ltd. was established in 1984 by Basim R. Faris (BA, FCII), an Arab insurance professional, in partnership with Fenchurch plc, a major Lloyd's broker and now Arthur J. Gallagher. Mr. Faris has been the Managing Director of the Partnership since inception. In 1998 Al Said Ltd. joined the partnership and are represented by Mr. Wael Said Khoury, who has been the Chairman of Fenchurch Faris Ltd. since 1999.
Fenchurch Faris Ltd. was created as a professional service company, operating in the Arab Middle East, to provide insurance and reinsurance consultancy & broking and risk management services backed by a major Lloyd's broker.
1984: Our company is established in Athens to transact mainly wholesale business (reinsurance - facultative and treaty).
1985: Fenchurch Faris opens its first associate office, Fenchurch Faris Ltd. Kuwait, in partnership with a Kuwaiti national. It provides mainly direct broking and consultancy services. The Kuwait office would later also become the underwriting agent for Jordan Insurance Company in Kuwait beginning in 2005.
2006: Fenchurch Faris Ltd. opens its first U.A.E. branch office in Abu Dhabi to transact both retail and wholesale business.
2007: Fenchurch Faris Ltd. opens its subsidiary office, Faris Insurance Services, in Amman, Jordan to transact mainly retail business. In the same year, Fenchurch Faris Hellas is established in Athens to cater to the Greek market. It transacts both retail and wholesale business.
2011: Fenchurch Faris Limited Saudi Arabia is established in partnership with Olayan Financing Company to transact both direct and reinsurance business in the Kingdom.
2014: Fenchurch Faris Ltd. opens its Dubai branch office to offer both retail and wholesale insurance services. In the same year, a Representative Office is established in the Dubai International Financial Centre (DIFC) to target reinsurance business across the Mena Region.
2015: Fenchurch Faris Insurance Services LLC is established in Muscat in partnership with Oman Holdings International (OHI) to transact both wholesale and retail business in the Sultanate.
2016: Fenchurch Faris Limited Saudi Arabia opens its Al Khobar branch in order to service the wholesale and retail market in the Kingdom’s eastern provinces.