gig Jordan (Arab Orient) vs JOFICO (Jordan French Insurance)

Jordanian arm of Kuwait-based Gulf Insurance Group, majority-owned by Fairfax, with an English engineering line

GIG Jordan says it was founded in 1996 as Arab Orient Insurance Company and joined Kuwait-based Gulf Insurance Group (GIG) in 2009. Canada's Fairfax Financial Holdings became GIG's largest shareholder in 2023 and later raised its stake to 97%, according to GIG Jordan. It is listed on the Amman Stock Exchange (GIGJ).

Pros

• + English engineering page lists Contractors' All Risks and Plant and Machinery
• + Online quote-request form for each engineering policy
• + Also sells professional indemnity and employers liability
• + Part of Kuwait-based Gulf Insurance Group

Cons

• − No prices published; cover is quoted
• − No erection all risks or decennial policy listed on the engineering page
• − Quote request is a form, not an instant online price

Jordanian multi-line insurer founded in 1976, with a nine-policy engineering line

Jordan French Insurance Company (JOFICO) says it was founded in 1976 in cooperation with Compagnie Financière du Groupe Victoire. It is listed on the Amman Stock Exchange (JOFR) and sells motor, health, travel, home, fire, liability, marine, engineering, aviation and credit insurance. JOFICO told the Amman Stock Exchange on 28 September 2026 that its board had terminated the preliminary memorandum of understanding it signed with Gulf Insurance Group / Jordan on 14 May 2026, citing differing strategic views; JOFICO said no stage of the MoU or due diligence had begun.

Pros

• + Engineering page lists Contractors All Risks and Construction Plant and Machinery
• + Also lists Erection All Risks and Decennial Liability policies
• + Operating since 1976
• + Listed on the Amman Stock Exchange (JOFR)

Cons

• − Website in Arabic only
• − No prices published; cover is quoted
• − No online quote form found on the engineering page