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Cumberland - News
 

 



:: Recent News Items about Cumberland



Here you will be finding some recent news items which either feature news about Cumberland, about some our people or contain information that will be of interest to or may effect our clients in some way. Please check here regularly to get the latest news. Better still register here for our free news update to make sure you are first with the news!

Cumberland Insurance & Reinsurance Company increases its capital and moves to Down Town Beirut.

September 22, 2003

Cumberland Insurance and Reinsurance Company s.a.l.,  established  by  its  present owners in 1994,  is a young and progressive Lebanese insurance company. With  a  paid up capital recently increased to L.L. 6 billion and assets amounting to L.L. 32 billion, Cumberland  is  one  of  the  few  companies which exceeds the compliance regulations relating to capitalization and reserves as required by the Lebanese Ministry of Trade and Economy.

Cumberland has established a strong position in the Lebanese market through steady and continuous growth and, with a premium income of around L.L. 23 billion, is currently ranked among the top 10 locally and foreign owned insurance companies operating in Lebanon.

Cumberland has an outstanding team of executives who are committed to excellence and professionalism. The expertise gained in setting up and maintaining its primary managed health care insurance scheme earned the Company a position as market leader in this field. Professional underwriting is central to Cumberland's core business objectives. Cumberland has a rich heritage of experience, experience which it is now leveraging to provide specialist capabilities in new and undeveloped areas of the insurance market for the identification and development of new lines of business. Sound underwriting, in-house pro-active claims management, and innovative administrative techniques have been the key to Cumberland’s continued success.

With the emphasis on business production through its network of brokers, Cumberland has developed a customer base of more than 60,000 clients. Cumberland realizes that a close working relationship with its clients through the broker network is required. Such relationship enables optimum solutions to be made available, with insurance products tailor-made to match any particular need. Cumberland believes strongly in nurturing and developing a long lasting relationship with both clients, through the broker network, and reinsurers, regarding all parties as important partners in business its operations, to continually develop mutual trust and confidence with them.

Recent changes to Cumberland ’s corporate image include the relocation of its main offices to the CapitolBuilding in the heart of the financial services area in Downtown Beirut.

 
  Cumberland In-House NewsLetter

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