Focusing on the growing economies in the Middle East, North Africa and Asia Pacific – Kuwait Re is committed to giving its clients a long term reinsurance support and associated services. Kuwait Re believes in and nurtures a long term relationship with the clients in the Afro-Asian Markets.

Our Strength comes from a well established transactional excellence, quality of our people and our underwriting analysis, all of which function within a consistent strategy and an integrated approach to risk management. To summarize, Kuwait Re is committed to:

• Rendering high quality of service to our clients by intelligent risk assumption and management. We know how to evaluate value and manage risks effectively, with diversification as a key objective.
  
  
• Upholding the acknowledged ability to pay claims - our target is to strike the optimal balance between risk and return, while maintaining a strong balance sheet.
  
  
• A well managed organisation with a fulfilling working atmosphere for our human capital - people with effective skills who accept and manage risks towards our strategic objectives.

Welcome to Kuwait Reinsurance Company

Kuwait Re was established in 1972 as a closely held shareholding company and was listed on the Kuwait Stock Exchange in June 2004. The founders were national institutions in the insurance, banking and investment industries. In December 2000, Transatlantic Reinsurance Company – New York, a renowned global reinsurer, became a 40% Shareholder and a strategic partner through an injection of additional capital. Kuwait Re’s knowledge of the regional markets and the strategic alliance with a global reinsurer is an added value to Kuwait Re’s increasing client base.

In August 2006, Kuwait Re established KUWAIT REINSURANCE COMPANY – FAR EAST REGIONAL OFFICE – (FERO), an offshore branch in Labuan, Malaysia to service existing and potential clients from the Asia Pacific region. The underwriting operations of this branch are handled by the marketing office at  Kuala Lumpur.

Known for transactional excellence, Kuwait Re works closely with clients operating in Asia and Africa adapting to their changing needs in a professional and timely manner.
 

The Board of Directors, consisting of 10 members for a three year term, is responsible for the overall direction, supervision and control of the company. The Board of Directors lay down the broad strategy of the company, review and approve the general management of the business and the company's investment strategy. The Executive Committee, consisting of five Board members, is elected by the Board of Directors at the beginning of each three year term. It is entrusted and delegated with part of the authorities and duties of the Board of Directors. The Executive Committee, which meets more frequently with the general management on performance and key issues, is also responsible for presenting the company's investment strategy to the Board of Directors for approval.

The current Board members are as follows:

The day to day management of the company is the responsibility of the General Manager assisted by a management team for implementing the business strategy and managing the company's investment assets in accordance with guidelines laid down by the Board of Directors.

Head Office, Kuwait

Offshore Branch (FERO) - Malaysia

Figures in equivalent US$ 000's

(2009:1 USD => 0.2872 KWD || 2010: 1USD => 0.2808 KWD)           

• A.M. Best Co. has assigned a financial strength rating of A- (Excellent) and an issuer credit rating of "a-" to Kuwait Reinsurance Company K.S.C. (Kuwait Re) (Kuwait). The outlook assigned to both ratings is stable. (Press Release).

This company was issued a secure rating by the A.M. Best Company, click for additional details

 For the latest rating, access www.ambest.com

• Kuwait Re has been upgraded to  'BBB+' security rating with a STABLE outlook by Standard & Poor's on 24th of September,2010. The Security Circle Icon displayed on this page is awarded only to companies that voluntarily submit to Standard & Poor’s most comprehensive review including in-depth management interviews by Standard & Poor’s analysts. Download S&P's - KRE BBB+ with Stable Outlook Rating (PDF File)

Information on the most current rating is available at www.standardandpoors.com or from Standard & Poor's at (212) 438-2400. Ratings are not a guarantee of an insurer's financial strength nor a recommendation as to the insurer.