Jean-Claude Chalhoub was born in Egypt to a family of insurers. His father, Henri Chalhoub, was a prominent figure in the industry, having established his own insurance Group and was one of the early major international figures to join the International Insurance Society alongside Claude Bébéar and Denis Kessler. Henri Chalhoub was also the owner of one of the most prestigious stables of Thoroughbreds in France, having won amongst other races Le Prix de l’Arc de Triomphe and Le Prix du Jockey Club.
After graduating with a Bachelor’s degree in Economics and an MBA from the Paris-Sorbonne University, Jean-Claude worked for the following major insurance organisations: Generali in Trieste, Willis in London, Transamerica in Los Angeles, Guy Carpenter in New York and Employers Re in Zurich. He then joined L’Union des Assurances de Paris (UAP), where he worked initially in Jeddah, Saudi Arabia, before opening two new offices for the Company in Riyadh and Dammam. During that time, he helped secure contracts with all of the country’s utility providers as well as several other government agencies, making UAP one of the largest and most reputable Companies in the nation.
Jean-Claude subsequently joined the family Group of insurance broking operations in France which, in a few years under his leadership, became the second largest insurance broker in France after Le Blanc de Nicolay.
Following his time in France, Jean-Claude went to work with the Group’s Canadian Division in Montreal. He once again helped to expand the Company’s operations, this time into Ontario and Vancouver. He then went on to expand the business to include marine and inland marine insurance, wholesale broking and the creation of Managing General Agencies for Lloyd’s and L’Alsacienne Assurances, one of the oldest insurance companies in France. Under his guidance, the Group established new partnerships with national associations, providing innovative products to improve customer loyalty. As a result, the Group’s revenue in Canada tripled.
In 1987, Jean-Claude went on to open the Group’s first offices in the US, where he pioneered loss of income insurance to the impaired market, the first of its kind in the country and operating to this day in over 45 states in the US. Filling a huge gap in the market, the Company is still the leading provider of such products, distributing its products via more than 2000 brokers and independent agents.
Following Hurricane Hugo in the Caribbean, a void was left with the almost total disappearance of property risk insurance in the region. In response, Jean-Claude Chalhoub launched two separate programs, one for the US and British Virgin Islands and the other for the French Antilles, providing much needed protection to local residents and businesses. His work then moved back to the Middle East, where he was one of the first to introduce managed care insurance products. He joined forces with several Egyptian insurance companies to create Inaya which is today the leading provider of health insurance products in Egypt.
In partnership with R+V, a German insurance company, Jean-Claude established an underwriting box at Lloyd’s which wrote a very profitable book of Facultative Property, Contingency and Accident & Health business until the then management of R+V retired and the successors decided to cease the outsourcing of Delegated Authorities worldwide.
Chalhoub has since continued to serve on the board of numerous firms as Director and Senior Advisor. After 15 years of service to the Mutuelle Catholique, he became Chairman of the Association Catholique, an NGO that promotes micro-insurance in impoverished Latin American countries.
Jean-Claude is currently Senior Partner & Member of the Supervisory Board at Risk Management, a worldwide provider of insurance and reinsurance solutions. Trading since 1987, the firm now has a presence in Europe, the Middle East, the Americas, Asia and Africa.
In addition to his business interests, Jean-Claude is a father of two, speaks five languages fluently and is a passionate sailor. He has raced professionally, becoming the US national champion in offshore catamaran racing in 2010 and 2011 and vice world champion in 2010. Jean-Claude is a member of the Cercle De L’Union Interalliée and the International Insurance Society.