| Kuwait Re was established in 1972 as a closely held shareholding company. 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 June 2004 Kuwait Re was listed on the Kuwait Stock Exchange. However the founders and Transatlantic Reinsurance Company remain the major shareholders of the company. In August 2006, Kuwait Re established KUWAIT REINSURANCE COMPANY - FAR EAST REGIONAL OFFICE, 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 the changing needs in a professional and timely manner. Kuwait Re enjoys a BBB long-term counterparty credit and insurer financial strength rating with a stable outlook by Standard & Poor's. |