From a staff of three in 1984, Fenchurch Faris Ltd. today employs almost 100 people with annual gross revenue exceeding US$ 10,000,000 (FY 2012) and with an annual gross written premium of almost US$ 100,000,000 (FY 2012). Fenchurch Faris has a major presence throughout the Middle East and in Europe, with dedicated offices in Greece, Kuwait, UAE, Jordan and Saudi Arabia.
Fenchurch Faris 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 Wells Fargo Global Brokers Network and 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 concerning the Arab Middle East and North Africa.
Fenchurch Faris Ltd. was established in 1984 by Basim R. Faris (BA, FCII), an Arab insurance professional, as a 50/50 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.
In ATHENS - GREECE , our main office transacts mainly wholesale business (reinsurance - facultative and treaty).
In KUWAIT, Fenchurch Faris opened its first associate office, Fenchurch Faris Ltd. Kuwait, in 1985 in partnership with a Kuwaiti national, Mrs. Fetouh Al Falah. This office provides mainly retail business (direct broking and consultancy services). In 2005, Fenchurch Faris Ltd. became the underwriting agent for Jordan Insurance Company in Kuwait.
In ABU DHABI - UAE, Fenchurch Faris Ltd. opened a branch office in 2006. It transacts both retail and wholesale business.
In ATHENS - GREECE, Fenchurch Faris Hellas Ltd. was opened in 2006 to cater to the Greek market. It transacts both retail and wholesale business.
In AMMAN - JORDAN, Fenchurch Faris Ltd. opened its subsidiary office in 2007. It transacts mainly retail business.
In RIYADH – KSA, Fenchurch Faris Limited Saudi Arabia was established at the beginning of 2011 to transact both direct and reinsurance business.
In AL KHOBAR – KSA, Fenchurch Faris Limited Saudi Arabia opened in 2014 in order to service the wholesale and retail market in the Kingdom’s eastern provinces.
In DUBAI – UAE, Fenchurch Faris Ltd. prepares to open a branch office to offer retail insurance services and a DIFC Representative office to target reinsurance business. Both offices are expected to be operational by the end of 2014.
In MUSCAT – OMAN, Fenchurch Faris Ltd. applies for a license to establish its newest office, which is expected to be operational by the beginning of 2015.
In LONDON - ENGLAND, our partners, Arthur J. Gallagher, are a Lloyd’s broker and one of the largest insurance brokerages in the world.