- CEO
- Dawoud Sulaiman Al-Duwaisan
- Sector
- Finance
- Industry
- Property/Casualty insurance
- Address
- Kuwait City Kuwait
- IPO Date
- Jun 28, 2004
- Business
- Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) is a Kuwait-based multi-line reinsurance company that provides comprehensive treaty and facultative reinsurance solutions to primary insurance companies and financial institutions worldwide. Founded in 1972 and headquartered in Kuwait City, Kuwait, the company operates as a key subsidiary of Al Ahleia Insurance Company S.A.K.P. Kuwait Re organizes its underwriting operations across several core business lines, offering Property Reinsurance covering commercial and industrial properties, fire, business interruption, and political violence; Engineering Reinsurance covering contractors all risks, erection all risks, machinery breakdown, and advanced loss of profits; Marine and Aviation Reinsurance covering marine hull, cargo, freight liability, specie, and aviation risks; Casualty and Liability Reinsurance covering general third-party liability, product liability, professional indemnity, directors and officers liability, and workmen compensation; Energy Reinsurance covering onshore and offshore oil and gas assets; Life and Medical Reinsurance covering group life, credit life, personal accident, and health portfolios; and Retakaful solutions designed for Islamic insurance institutions. Geographically, Kuwait Re serves insurance markets across the Middle East, North Africa (MENA), Asia-Pacific, Central and Eastern Europe, and Sub-Saharan Africa, maintaining international operational hubs including a regional branch in the Labuan International Business and Financial Centre in Malaysia. In recent developments, Kuwait Re has strengthened its underwriting capacity through capital base expansion, completed the full operational transition to IFRS 17 accounting standards, enhanced its proprietary digital risk-assessment and automated claims-processing platforms, and broadened its international non-proportional treaty and specialty facultative reinsurance portfolios across high-growth Afro-Asian and emerging markets while sustaining strong financial strength ratings from international credit rating agencies.