Societe Tunisienne de Reassurance
BBVMT:TRE8.71
TND
-0.08
(-0.91%)
ISIN
TN0007380017
Return %
Stock
S&P 500
1Y
- -
14.20
3Y
- -
81.12
5Y
- -
68.34
Capital Structure
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- Full Time Employees
- 99
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Tunis Tunisia
- IPO Date
- Apr 5, 2010
- Similar Companies
- Business
- Societe Tunisienne de Reassurance, commercially known as Tunis Re, is a Tunisia-based reinsurance company that provides comprehensive life, non-life, and Islamic retakaful risk-transfer solutions to primary insurance companies, mutuals, and financial institutions. Founded in 1981 and headquartered in Tunis, Tunisia, the company serves as the national reinsurer of Tunisia while maintaining an active international underwriting presence across North Africa, Sub-Saharan Africa, the Middle East, and parts of Asia and Europe. The company offers capacity through proportional treaties, non-proportional excess-of-loss treaties, and facultative arrangements across diverse business lines, including: fire and property damage reinsurance for commercial, industrial, and residential assets; engineering and construction risk reinsurance, encompassing contractors all risks, erection all risks, advance loss of profits, and machinery breakdown; marine and aviation reinsurance, covering cargo, hull, freight, and third-party aviation liabilities; motor reinsurance, including compulsory third-party liability and comprehensive hull damage; general casualty reinsurance, covering commercial general liability, product liability, and professional indemnity; credit, surety, and political risk guarantees; agricultural reinsurance covering crop loss and livestock risks; and personal lines reinsurance, comprising individual and group life, accidental death and disability, and complementary medical coverage. In addition to conventional coverage, Tunis Re operates a specialized Retakaful window providing Sharia-compliant reinsurance products, along with risk assessment, catastrophe modeling, and claims administration services. In recent developments, Tunis Re has accelerated its international expansion program to strengthen premium diversification across Sub-Saharan Africa and the Arab markets, reducing domestic market concentration. The company has executed substantial operational and digital upgrades to modernize its enterprise risk management framework and successfully integrate IFRS 17 reporting standards. Additionally, Tunis Re has consistently affirmed its international financial strength ratings with stable outlooks from agencies such as AM Best, reinforced its capital position through prudent reserve management, and deepened institutional underwriting partnerships across regional platforms including the African Insurance Organization and the Federation of Afro-Asian Insurers and Reinsurers.