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LIA Insurance
LIA Insurance is an insurance based in Beirut, founded 1975; the Altss profile covers its classification, headquarters, registration, AUM band, and key...
Overview
LIA Insurance is a Beirut-based insurance company with approximately $301.72 million in assets across 1 fund. It focuses on the Middle East region.
General information
Firm type
Insurance
Year founded
1975
Location
Region
Middle East
Country
Lebanon
City
Beirut
Corporate office
Beirut, Lebanon
Principals
Mario Saradar
Founder
Labib Nasr
CEO, LIA Assurex
Sector focus
Frequently asked questions
Who controls investment decisions at LIA Insurance?
Mario Saradar, founder and chairman of Saradar Group, exercises ultimate control over LIA's strategic direction, including asset allocation. Day-to-day insurance operations are managed by Labib Nasr as CEO of LIA Assurex. The general-account investment posture flows from Saradar's wider family-office orientation toward direct, tangible assets.
What does LIA Insurance own outside Lebanon?
LIA owns Keller Springs Crossing, a multifamily residential property at 3221 Keller Springs Road in Carrollton, Texas. This US holding is a modest but notable hard-asset position for a Beirut-based insurer, sitting alongside the firm's domestic commercial real estate portfolio in Beirut Central District and Rmeil.
How is Saradar Group related to LIA Insurance?
Mario Saradar is both chairman of Saradar Group and founder of LIA Insurance. Saradar Group functions as the family's holding entity, with LIA Insurance serving as the regulated insurance carrier within the broader Saradar Family Office ecosystem. The Fattal Group owns a 49 percent minority stake in Saradar Insurance Holding, the intermediate holding company.
What was Sanlam's role at LIA Insurance?
South Africa's Sanlam Group was previously the majority owner and technical partner of LIA Insurance. The relationship gave the Beirut insurer access to actuarial and operational expertise from a pan-African financial services group. Sanlam has since exited, and the Saradar family consolidated its position rather than replacing Sanlam with another outside sponsor.
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