DAMANA
Georges Chidiac has an extensive work experience in the insurance and healthcare industry. Georges is currently serving as the Chief Executive Officer of Damana Holding since October 2021. Prior to this, they held several leadership roles including Executive Vice President & General Manager at DAMANA from July 2019 to May 2023, Senior Vice President & General Manager at SAICOHEALTH from June 2015 to July 2019, and Vice President – Sales & Global Provider Relations Manager at National Health Insurance Company - Daman from June 2012 to May 2015. Georges also worked as Regional Manager & Manager Provider Relations at Bupa Arabia from June 2008 to May 2012 and was part of the Business Claims Center at Allianz Group from April 2006 to May 2008. Georges Chidiac has also served as a Board Director at DAMANA since May 2023 and an Executive Board Member at SAICO Health Care since August 2019.
Georges Chidiac's education history begins with their completion of a Certificate in Insurance and Financial Services from the Chartered Insurance Institute in 2021. Prior to that, they obtained a Bachelor's degree in Business Administration and Management from Saint Joseph University of Beirut, attending from 2003 to 2006. Before pursuing their bachelor's degree, Chidiac completed their Baccalaureate in Biology/Biological Sciences at College Notre Dame De Jamhour, studying from 1990 to 2003. Currently, they are enrolled in an Executive Education program focused on Mergers and Acquisitions at Imperial College Business School, with an expected completion date in 2023.
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DAMANA
The Group started its insurance operation in 1964 by acquiring Al Nisr Insurance Co. in Lebanon. In 1980, the Group established the Saudi Arabian Insurance Company BSC (c) and in 2007 became a founding member in the Saudi Arabian Cooperative insurance company in KSA. Today, DAMANA is a prominent insurance group with operations in the GCC & Lebanon offering a wide range of insurance solutions for businesses and individuals. During the past half century, DAMANA Group invested in other insurance and reinsurance companies, an assistance company and a Third Party Administrator. DAMANA’s vision is to be the leading regional insurance organization. Backed by over 240 specialized and dedicated employees. DAMANA is well positioned to offer customers competitive and comprehensive insurance solutions across 7 offices, in 5 countries around the Gulf and Lebanon, through a single operational platform. DAMANA’s success is attributed to its financial stability, the backing of excellent reinsurance securities, plus its commitment to pay claims fairly and promptly. DAMANA has the flexibility and ability to quickly adapt to change and to operate in the most difficult and dynamic conditions whether it is economical, technological or legal that constantly change the risk profiles of businesses. DAMANA’s clients are a mix of individuals, SMEs and large corporations working in various sectors including construction, power, infrastructure, consumer goods, logistics, and banking and finance. DAMANA’s in-house insurance service provider, SAICOHEALTH CARE, provides personalized and prompt medical insurance administration services to customers. DAMANA had received an inaugural Financial rating in 2017 by AM Best.* (*For the latest rating, please check AM Best website) DAMANA, Saudi Arabian Insurance Company B.S.C.(c) is licensed & regulated as locally incorporated insurance firm by the Central Bank of Bahrain.