Ghazi Abu Nahl | Chairman of the Board | Nest Group Investments
Ghazi Abu Nahl is the Chairman of Nest Group of Companies with operations in 23 countries covering Insurance, Reinsurance, Insurance Broking, Real Estate Banking and licenced services. The Group’s Assets exceed USD 5 billion as well as a turnover of more the USD 700 million. The Group also employs more than 2,000 people.
His long association with the World Trade Centre Association (WTCA) – New York, resulted in a Board Membership in April 2004. He was the Chairman of the WTCA - New York until April 2017 and now is the Chairman emeritus for life.
Ghazi Abu Nahl started his career in insurance with an Insurance Agency (Arab Commercial Enterprises) in Qatar in 1960. Today, the Cypriot businessman is the shareholder and Chairman of a Group whose net assets exceed US$ 2.6 billion with subsidiaries and affiliates in the MENA region, Europe, USA, and Asia Pacific
In 1979, with 20 rich years of experience under his belt, he started Qatar General Insurance & Reinsurance Company as a domestic Insurance company in Qatar and became its GM, a position he holds to date. The company now has a Paid-up Capital of US$240million while shareholders equity stands at more than US$1.76 billion. The Company is publicly listed on the Qatari Stock Exchange and is considered an excellent security in the Middle East and International Markets with an AM Best A- Rating.
In 1989, he established Trust International Insurance and Reinsurance Company BSC (c) Bahrain, Trust Re, as one of the then few Reinsurance Companies in the region, with a Paid-up Capital of US$15million now standing at US$250million and an equity of US$490 million. He has previously held the Chairman position and was until recently a Board Member. The Trust Re Bahrain rating of A- (S&P and AM Best) is one of the major achievements of Ghazi Abu Nahl and a great compliment to the Arab Reinsurance Industry.
In 2013, Ghazi Abu Nahl received the Federation of Afro-Asian Insurance and Reinsurance (FAIR Oil & Energy Insurance Syndicate) Life Time Achievement Award for services to the MENA Insurance industry.
In 2017 Ghazi Abu Nahl and his wife were made members of the Oxford University Chancellor’s court of Benefactors.
Ghazi Abu Nahl has been a member of Lloyds of London Insurance for more than 40 years.