Insurance Brokerage House

What Insurance Brokerage House does

Insurance Brokerage House (IBH) is a private insurance and reinsurance brokerage firm headquartered in Jeddah, Saudi Arabia, with direct offices in Riyadh, Khobar, Beirut, and Dubai (via IIB). The company serves large enterprises, multinationals, government and public sector entities, banks and financial institutions, energy and utilities operators, and a defined set of specialty segments including aerospace, shipping, and high net worth individuals. Its core service lines encompass placement and enrollment, risk management consulting, reinsurance placements, captive management, lenders advisory, and major claims recovery, with publicly stated execution of over $1B in recovered claims for GCC clients.

The firm's technology footprint centers on two assets: the IBH E-Services electronic portal, which provides clients visibility and access to insurance and risk management programs, and the IBH 360 / Full Circle platform, a UK-based cross-border program management solution operating with 150+ partners across 120+ territories. IBH is a founding partner of GBN Worldwide, a network of independent insurance, reinsurance, and risk management entities covering 130+ territories with 5,000+ professionals and over $9B in transacted premiums. The firm also operates specialist offerings such as MediRisk (healthcare cost containment), Private Client Services, and captive management in partnership with counterparts overseeing 100+ captive entities.

IBH earns revenue primarily through brokerage commissions on placed premiums (transaction-fee model) and through fee-based consultancy engagements, particularly with government, public sector, and large corporate clients requiring structured advisory mandates. Distribution is relationship-driven, relying on senior executive involvement, direct field sales offices, and the GBN Worldwide network to deliver complex, multi-territory programs. The firm reports managing $1.5B in total group premiums across 12 operating countries, a 96% client retention rate, and a customer base of 120+ publicly traded GCC companies including 30+ Tadawul listed entities.

Name

Insurance Brokerage House

Legal name

Insurance Brokerage House CO.

Website

https://ibhme.com

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

51–100 employees

Short description

Insurance Brokerage House (IBH) is a Saudi-headquartered private insurance and reinsurance brokerage serving large enterprises, multinationals, government entities, and listed companies across the GCC and MENA through direct offices and the GBN Worldwide partner network.

Ownership category

akta.pro rank

Product category

Insurance Brokerage and Reinsurance Services

NAICS

Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Reinsurance Brokerage (FSAEADAE)

akta.pro secondary industries

P&C Reinsurance Brokerage (FSAOAHAG), Reinsurance Claims, Accounting & Contract Administration (Broker Services) (FSAOAHAI)

Keywords

• Insurance brokerage services
• Reinsurance placements
• Risk management consulting
• Captive insurance management
• Insurance claims management

Headquarters

HQ city

Jeddah

HQ country

Saudi Arabia

HQ region

Middle East

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance Brokerage Commissions: Traditional brokerage services remunerated through brokerage commissions from insurers and reinsurers
2. Consultancy Fees: Fee-based consultancy services provided in exchange for set fees, particularly attractive for public sector, government agencies, and conglomerates with mega-programs

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Insurance Brokerage House is an insurance and reinsurance brokerage firm that places insurance and reinsurance coverage for clients, provides risk management consulting, runs claims recovery and administration, manages captive insurance entities, and advises lenders and publicly listed companies. Services span complex cross-border insurance programs, government and public sector advisory, and private client solutions for high-net-worth individuals. The firm operates direct offices in Saudi Arabia, Lebanon, and the UAE, and extends its reach globally through the GBN Worldwide network covering 130+ territories.

Product overview

Insurance Brokerage House (IBH) is a leading insurance and reinsurance brokerage firm operating throughout the Middle East and Africa. The company offers a comprehensive suite of insurance and risk management solutions organized into three main categories: Client Services (including placement, claims management, risk consulting, and the IBH E-Services electronic platform), Industry Focus (serving sectors such as aerospace, banking, healthcare, energy, and public sector), and Specialist Solutions (including reinsurance placements, captives, private client services, and MediRisk for healthcare cost containment). The flagship IBH 360/Full Circle platform provides comprehensive cross-border insurance solutions through over 150 partners across 120+ territories.

Differentiator

Problem solved

Functional benefit

Brands

• IBH 360: Full spectrum solution for complex, multi-layered, and cross-geographic insurance programs based in the UK, developed over a decade for clients requiring global servicing solutions.
• GBN Worldwide
• MediRisk

Products and services

• IBH E-Services Award-winning electronic platform developed by IBH specifically to meet the requirements of clients in the Middle East, North Africa, and GCC regions, providing clients with visibility and access to their insurance and risk management programs through a dedicated web-based portal (available in connected or linked form).
• IBH 360 / IBH Full Circle Comprehensive full-spectrum solution based in the UK, developed internally over a decade, providing clients with end-to-end visibility into opaque insurance markets, flexibility, strong quality control mechanisms, and conflict-of-interest avoidance; currently works with over 150 partners in over 120 territories worldwide.
• MediRisk Healthcare insurance strategic cost containment solution that helps clients manage and plan healthcare programs to prevent them from becoming financial burdens, addressing healthcare inflation, misuse among insured classes, and regulatory changes in the region.
• Private Client Services Exclusive, private, and confidential personal asset protection solution for high net worth individuals and families, providing tailored insurance coverage worldwide (yachts, jewelry, art, personal security), key person claims management, and personal account management through major markets such as Lloyd's, AIG, Zurich, Hiscox, Chubb, and International Insurance.
• Risk-driven Reinsurance Placements Specialized placement and management of large and complex risks that cannot be placed directly with local insurers; involves layered, non-proportional, and XOL facultative placements, providing visibility to reinsurers and arranging effective solutions together with the IBH/Crescent Global Group network.
• Major Claims Recovery and Management Specialized end-to-end service handling high-value claims throughout the Middle East—from evidence gathering through negotiation to settlement—including successful recovery of over $1 billion USD in claims for clients in the GCC region alone.
• Lenders Advisory Advisory for lenders and financial institutions financing major construction projects and large corporate transactions; covers identification of insurance requirements, risk management requirements, borrower/lender responsibilities, insurance procurement support, and ongoing compliance verification.
• Captive Management and Alternative Risk Transfer Management of client-owned captive insurance companies and alternative risk transfer solutions, delivered with major counterparts worldwide managing 100+ captive entities; positions captive establishment as a long-term strategic investment decision.
• Entities Going Public Services Services supporting organizations pre- and post-IPO, including Public Offering Security Insurance and Directors & Officers Liability; covers 120+ publicly traded companies across the GCC and over 30 Tadawul-listed entities in Saudi Arabia across 3+ major insurance lines.

Quantifiable outcome

• 96% client retention rate
• +1 more outcomes

Named customers2 records

Segments9 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered core and supporting.

• GBN WorldwidecoreStrategic or Co-development PartnerIBH is a founding partner of GBN Worldwide, a leading global insurance network with over 5000 professionals in 130+ territories and over $9 billion USD in premiums transacted. GBN is an interconnected, technology-backed global insurance ecosystem made up of independent insurance, reinsurance, human capital, and risk management organizations.
• Crescent Global GroupcoreStrategic or Co-development PartnerIBH and Crescent Global Group are at the heart of the international reinsurance industry. Crescent Global manages over 100 captive entities globally and provides the parent infrastructure for IBH's operations. The combined group has a workforce of 5500 individuals.
• IIB (International Insurance Brokers)supportingChannel Partner/ Reseller/ DistributorIIB powers the IBH Dubai office location, providing local servicing capabilities in UAE. The partnership enables IBH to serve clients in Dubai and the broader UAE market through IIB's infrastructure.

Scale indicators13 records

Recent moves1 record

Expansion highlights6 records

Direct peers

• Brown & Brown, Inc. Brown & Brown is a large global insurance brokerage with growing international presence, including specialty and large-account practices — comparable to IBH for enterprise and complex risk servicing across geographies.
• Mars: Mars is the world's largest insurance broker and risk advisor, offering commercial insurance, reinsurance, and risk management across enterprise and government clients globally — directly competing with IBH for large enterprise, government, and complex-risk mandates in Saudi Arabia and the wider GCC.
• Aon: Aon is a global professional services firm with a large insurance brokerage and reinsurance brokerage practice serving multinational, energy, financial institution, and government clients — a clear head-to-head competitor for IBH in GCC enterprise and reinsurance placement work.
• Hub International: Hub International is a North American-focused global insurance brokerage expanding into specialty and international segments — relevant comparable for IBH's specialty, complex-risk, and cross-border servicing capabilities.
• Lockton Companies: Lockton is the world's largest independent insurance brokerage, known for complex enterprise risk placements and specialty practices — a directly comparable peer to IBH for large, complex MENA accounts and reinsurance placements.
• Howden Group Holdings: Howden is a fast-growing global insurance broker with a strong reinsurance practice and aggressive MENA expansion — a relevant peer given IBH's focus on reinsurance intermediation and complex enterprise placements.
• Arthur J. Gallagher & Co. Gallagher is a top global insurance brokerage and risk management firm, particularly strong in specialty and large enterprise accounts, actively expanding in the Middle East — directly comparable to IBH's specialty and enterprise focus.
• Willis Towers Watson (WTW): WTW operates a global risk and broking segment serving large corporate and public-sector clients with complex risk and reinsurance needs — directly comparable to IBH's enterprise and government-focused brokerage model in MENA.

Emerging players

• Acrisure: Acrisure is a rapidly scaling global insurance brokerage that has been expanding internationally via partnerships and acquisitions — relevant peer for IBH as the firm builds its own international growth and partnership-led distribution model.

Others

• Coface / Euler Hermes (regional trade credit and credit insurance brokers): Euler Hermes (now part of Allianz Trade) is a major trade credit insurance and credit risk specialist broker; as an adjacent credit-risk intermediary, it overlaps with parts of IBH's bank/financial-institution and large-corporate credit-related insurance placements.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/insurance-brokerage-house
• Xx.com/ibh_me
• Facebookfacebook.com/ibhme

Revenue estimate

Valuation estimate

Number of profiles

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 Insurance Brokerage House