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Wrong Marc Aad?

Marc Abi Aad

Group Corporate Development

Nasco Insurance Group

Direct Phone: +961 * *** *** ext. ****direct phone

Email: m***@***.com

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I agree to the Terms of Service and Privacy Policy. I understand that I will receive a subscription to ZoomInfo Community Edition at no charge in exchange for downloading and installing the ZoomInfo Contact Contributor utility which, among other features, involves sharing my business contacts as well as headers and signature blocks from emails that I receive.

Nasco Insurance Group

Company Description

Nasco Insurance Group is a privately owned group originally founded in Lebanon in 1969, when the independent insurance brokerage firms  "Nasco", owned by Saba Nader, and "Etablissements Maurice Karaoglan" initiated a three-way merger with British broker Stewa...more

Background Information

Employment History

Head of Finance

Credit Agricole Assurance S.A. / Bancassurance s.a.l.


Manager for Group Corporate Development At NASCO. “The Acquisition

Al Ittihad al-Watani


Head of Finance

BANCASSURANCE


Manager for Group Corporate Development

North American Society for Childhood Onset Schizophrenia


Web References(3 Total References)


www.executive-magazine.com

Instead, the move was driven by the potential that NASCO saw for boosting business in the United Arab Emirates, confirms Marc Abi Aad, manager for group corporate development at NASCO.
"The acquisition of Al Ittihad al-Watani in Lebanon, which has a branch in the UAE, will enable us to consolidate NASCO's existing book of business in the UAE at the level of this new vehicle. Instead of fronting it with two third parties, [we can] now capture the whole profitability of the portfolio by underwriting profits in the UAE instead of earning commissions on these premiums. That is one of the main motivations and [an important] driver behind the acquisition," he tells Executive (see story).


www.executive-magazine.com

According to Marc Abi Aad, the Beirut-based manager of group corporate development at NASCO Insurance Group, the process of due diligence was lengthy, but this was because of the complexity of the transaction rather than other factors.
He said the duration of negotiations was not caused by diverging views on the purchase price, which he declared to have been fair to all parties, but the amount of which he was not authorized to disclose to Executive.


www.executive-magazine.com [cached]

According to Marc Abi Aad, the Beirut-based manager of group corporate development at NASCO Insurance Group, the process of due diligence was lengthy, but this was because of the complexity of the transaction rather than other factors.
He said the duration of negotiations was not caused by diverging views on the purchase price, which he declared to have been fair to all parties, but the amount of which he was not authorized to disclose to Executive. “The due diligence was a complex process of analyzing the company; it was purely a technical challenge. Instead, the move was driven by the potential that NASCO saw for boosting business in the United Arab Emirates, confirms Marc Abi Aad, manager for group corporate development at NASCO. “The acquisition of Al Ittihad al-Watani in Lebanon, which has a branch in the UAE, will enable us to consolidate NASCO’s existing book of business in the UAE at the level of this new vehicle. Instead of fronting it with two third parties, [we can] now capture the whole profitability of the portfolio by underwriting profits in the UAE instead of earning commissions on these premiums. That is one of the main motivations and [an important] driver behind the acquisition,� he tells Executive (see story).


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