The Insurance Control Commission organized an introductory lunch for the Minister of Economy and Trade, HE Mr. Mansour Bteich with the insurance sector. At this occasion, HE spoke about the role of the insurance sector as a major pillar in the financial services industry.
HE Mr. Mansour Bteich highlighted the “importance of the major role of the Insurance sector, on which he places strong expectations as a partner in driving the national economy”. The statement of HE came during his meeting with the Acting Head of the Insurance Control Commission Mrs. Nadine El Habbal, where topics related to the development of the sector were discussed.
The ICC received on 16 November 2018 a delegation from the Board of Directors of the Lebanese Insurance Brokers Syndicate (LIBS) presided by Mr. Elie Hanna.
The Insurance Control Commission (ICC) announced today that Lloyd’s underwriters are permitted to appoint coverholders in Lebanon to write reinsurance business. Intermediaries in Lebanon licensed by the ICC, wishing to be a Lloyd’s reinsurance coverholder, are required to go through the Lloyd’s coverholder approval process.