Nasco Insurance Group is a family-founded business with a long-term vision, built on trust, entrepreneurship, and growth. Established in Lebanon in 1969 through the merger of Nasco—owned by Saba Nader—Etablissements Maurice Karaoglan, and British broker Stewart Smith, the Group was shaped from the outset by an international mindset and a belief in partnership.
Over the decades, Nasco has evolved into an international insurance and reinsurance group covering all aspects of risk, while remaining privately owned and guided by its founding values.
From its roots in Beirut, the Group has steadily expanded its footprint and today operates across key global and regional markets, with a strong presence across the Middle East, Africa, and beyond.
At the heart of the Group’s development stands its Reinsurance pole. Recognized as a core engine of expertise and growth, the Re pole reflects Nasco’s ability to combine deep technical know-how with regional insight, particularly across the MENA markets and beyond. Through tailored solutions, long-term partnerships, and a disciplined approach to risk, Nasco Re has established itself as a trusted partner to insurers worldwide.
In 2024, Nasco entered a strategic partnership with Diot-Siaci, a leading European corporate insurance brokerage group. This alliance brings together complementary strengths and shared values, reinforcing Nasco’s international reach and supporting the continued development of its broking activities on a global scale while preserving the entrepreneurial spirit and independence that define the Group.
Humility
In success and openness to learning.
Utmost good faith
In every interaction and commitment.
Meritocracy
Where performance and integrity are recognized and rewarded.
Transparency
In communication — clear, direct, and honest.
Conviction over convenience
Choosing principles over shortcuts.
Doing what is right
Even when it is not the easiest path.
Resilience
Turning challenges into opportunities for growth.
Solidarity
Supporting one another and standing together.