Fair Insurance & Reinsurance Brokers

What Fair Insurance & Reinsurance Brokers does

Fair Insurance & Reinsurance Brokers (FIRB) is an independent reinsurance brokerage firm founded in 2006 and headquartered in Casablanca, Morocco. The firm operates as a B2B intermediary between African primary insurers, regional reinsurers, and international capacity providers, designing and placing proportional, non-proportional, and facultative reinsurance across eight classes of business: Fire & Property Damage, Engineering, Aviation, Energy, Liability & Miscellaneous, Marine Hull & Cargo, Political Violence & Terrorism, and Kidnap & Ransom. Its core distribution moat is the strategic partnership with K.M. Dastur (KMD), a Lloyd's Broker established in 1973 with global offices, which provides access to London market and international reinsurance capacity that FIRB could not credibly reach on its own.

FIRB's service offering is organized around four pillars: Underwriting (market intelligence, risk assessment, risk quoting, placement), Reinsurance Technical Accounting (premium processing, claims management, retrocession accounts, Statements of Accounts), Structured Solutions (Multi-Line/Multi-Year arrangements, Crop Reinsurance, Mobile Reinsurance, Loss Portfolio Transfer), and Training. The firm earns commission on reinsurance transactions placed in the market, with bespoke, non-publicly disclosed pricing tied to individual client needs and risk profiles. Go-to-market is enterprise field sales, with active participation in industry bodies (AIO, FANAF, WAICA Re) and direct engagement with insurance and reinsurance companies across at least eight African countries (Morocco, Togo, Ghana, Senegal, Liberia, Kenya, Tunisia, Rwanda) plus selected Middle East and Asian markets accessed via the KMD network.

The company is privately held with 11–50 employees and no disclosed funding, parent, or institutional investors. Leadership comprises Director General Mohammed Digua and Technical Risks Expert Mohammed Jamal Bennouna. Technology footprint is minimal — there is no proprietary platform, API, mobile app, or AI capability; the business is relationship-driven rather than technology-driven. The firm maintains a small but durable footprint in a niche specialty segment of African reinsurance intermediation, with a defensive moat rooted in the KMD relationship and accumulated regional network rather than scale or technology.

Name

Fair Insurance & Reinsurance Brokers

Legal name

Fair Insurance & Reinsurance Brokers

Website

https://firb-maroc.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

11–50 employees

Short description

Fair Insurance & Reinsurance Brokers is an independent Casablanca-based reinsurance brokerage firm, partnered with Lloyd's broker K.M. Dastur, that designs and places proportional, non-proportional, and facultative reinsurance across eight classes of business for insurance and reinsurance companies throughout Africa.

Ownership category

akta.pro rank

Product category

Reinsurance Brokerage

NAICS

Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Commercial Lines P&C Reinsurance (FSAOABAB)

akta.pro secondary industry

Aviation Liability Insurance (Passenger & Third-Party) (FSAJAHAD)

Keywords

• Reinsurance brokerage
• Insurance brokering
• Treaty reinsurance
• Facultative reinsurance
• African insurance markets

Headquarters

HQ city

Casablanca

HQ country

Morocco

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales

Revenue model

1. Reinsurance Brokerage Services: Provides reinsurance brokerage services including underwriting support, reinsurance placement, and technical accounting. Earns commission on reinsurance transactions placed in the market.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Fair Insurance & Reinsurance Brokers (FIRB) is an independent Moroccan reinsurance brokerage firm founded in 2006, headquartered in Casablanca, Morocco. The firm provides reinsurance brokerage services across eight classes of business throughout the African continent, acting as an intermediary between ceding insurers and reinsurers to structure and place reinsurance treaties and facultative covers.

Product overview

Fair Insurance & Reinsurance Brokers (FIRB) is an independent reinsurance brokerage firm offering a comprehensive portfolio of reinsurance products and services. The core offering consists of eight specialized insurance classes (Fire & Property Damage, Engineering, Aviation, Energy, Liability & Miscellaneous, Marine Hull & Cargo, Political Violence & Terrorism, and Kidnap & Ransom) supported by three primary service pillars: Underwriting, Reinsurance Technical Accounting, and Structured Solutions. The company also provides supplementary Training Services for professional development in the insurance and reinsurance sector.

Differentiator

Problem solved

Functional benefit

Products and services

• Reinsurance Brokerage Services
• Treaty Reinsurance Placement
• Facultative Reinsurance
• Risk Advisory Services

Named customers3 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Five partnerships are on record, tiered major, regional and core.

• Ghana RemajorStrategic or Co-development Partner · 1 January 2020FIRB conducted training seminars with Ghana Re in Ho, Ghana in February 2020, focusing on technical risks and industry capacity building.
• Comité des Assureurs du Togo (CAT)regionalStrategic or Co-development Partner · 1 January 2018FIRB sponsored the Technical Risks Training Seminar organized by the Insurance Committee of Togo (CAT), held September 19-20, 2018 in Lomé, Togo, on the theme 'How to manage TRC and BDM policies facing their complexity?'
• WAICA Re (West Africa Reinsurance Corporation)majorStrategic or Co-development Partner · 1 January 2017FIRB participated in WAICA Re's training conference in Monrovia, Liberia held under the theme 'Advance Principles, practices of Reinsurance', aiming at building capacity in the insurance sector and reinforcing reinsurance practices in West Africa.
• Africa RemajorStrategic or Co-development Partner · 1 January 2016African Reinsurance Corporation (Africa Re) is a pan-African reinsurance company. FIRB maintains a partnership relationship with Africa Re for reinsurance transactions and industry collaboration.
• K.M. Dastur (KMD)coreStrategic or Co-development Partner · 1 January 2006K.M. Dastur is a Lloyd's Broker headquartered in Mumbai, established in 1973, with global network across London, Dubai, Kuala Lumpur, Casablanca, Johannesburg, Istanbul, Moscow, Jakarta, Dhaka and Yangon. FIRB is an independent brokerage firm partner of KMD established in 2006, based in Casablanca, Morocco. KMD is a leading independent direct and reinsurance broker in Asian, African & Middle Eastern markets.

Scale indicators1 record

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• Aon (Africa operations): Global insurance and reinsurance broker with significant African presence, including reinsurance placement and risk advisory. Comparable to FIRB as a B2B reinsurance intermediary serving African insurers and corporates, but at vastly greater scale and breadth.
• Marsh (Africa operations): Global insurance broker and risk advisor with African offices providing reinsurance and risk solutions to corporate and insurer clients. Competes with FIRB for large and complex placements across the continent, particularly in specialty lines.
• Willis Towers Watson (WTW): Global advisory, broking, and solutions firm with reinsurance brokerage operations in Africa. Directly comparable to FIRB on reinsurance placement and actuarial/technical accounting services, though WTW serves a much larger and more diverse client base.
• K.M. Dastur (KMD): Mumbai-based Lloyd's Broker and direct strategic partner of FIRB, established 1973, with a global network across Asia, Africa, and the Middle East. KMD is the firm whose capabilities FIRB extends into the African market, making it the closest functional and structural peer.

Regional players

• Africa Re: Pan-African reinsurance corporation headquartered in Lagos, and an active partner of FIRB. While Africa Re is a reinsurer (assuming risk) rather than a broker, it competes for the same African cedent relationships and is a key counterparty in FIRB's placement flow.
• WAICA Re (West Africa Reinsurance Corporation): West African regional reinsurer and FIRB partner, focused on capacity building in the West African insurance market. Operates as a regional reinsurer comparable in geography to FIRB's West African client base.
• Continental Re: Pan-African reinsurer listed on the Nigerian Stock Exchange, providing non-life and life reinsurance across the continent. Comparable to FIRB in target market (African primary insurers) and class-of-business breadth, but operates as a capacity provider rather than a broker.
• Société Centrale de Réassurance (SCR Maroc): Moroccan national reinsurer rated AAA(Mar) by Fitch, the domestic reinsurance leader in Morocco. Operates in the same Casablanca-based market and African specialty lines as FIRB, and is a key domestic capacity provider that complements or competes with FIRB's outbound placements.
• Trust International Insurance & Reinsurance Company (Trust Re): Bahrain-based MEA reinsurer rated A- by A.M. Best, providing treaty and facultative reinsurance across the Middle East, Africa, and Asia. Comparable to FIRB in geographic and class-of-business overlap, particularly for MEA clients.
• Ghana Re: Ghanaian national reinsurer and FIRB training partner, providing reinsurance capacity to West African primary insurers. Comparable in regional focus and customer base to FIRB's Ghanaian and West African book.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/FIRBMaroc

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Fair Insurance & Reinsurance Brokers