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.