Arab Re
 | DATE OF CREATION: 11 March 1972, Lebanon |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Middle East and Maghreb |
Arab Re : contact
| Address : Arab Re's Bldg., Maarad Street, Beirut Central District, P.O. Box: 9060, Beyrouth, Lebanon |
| Tel : +961 1 989500-983 |
| Fax: +961 1 985154 / 985155 |
| Email : arabre [at] arabre [dot] com |
| Website : www.arabre.com |
Arab Re : Rating
| Agency | Rating | Outlook |
| A.M.Best | B- | Negative |
Arab Re : Main indicators
In thousands USD| 2018 | 2019 | 2020 | |
| Turnover | 67 855 | 69 253 | 60 267 |
| Shareholder’s equity | 104 589 | 97 309 | 99 360 |
| Net result | 5 508 | -3 114 | 2 350 |
Arab Re : Turnover by class of business
In thousands USD| Premiums 2019 | Premiums 2020 | Parts 2020 in % | |
| Fire | 23 962 | 22 299 | 37.0% |
| Accident | 28 601 | 16 332 | 27.1% |
| Marine | 5 610 | 5 846 | 9.7% |
| Engineering | 7 202 | 5 665 | 9.4% |
| Total non life | 65 375 | 50 142 | 83.2% |
| Life | 3 878 | 10 125 | 16.8% |
| Grand total | 69 253 | 60 267 | 100% |
Arab Re : Capital and shareholding
| Shareholding* | In % |
| Barakat Gulf ventures (Bahreïn) | 22.16% |
| Libya Insurance Company (Libya) | 7.99% |
| Misr for Insurance Life (Egypt) | 6.27% |
| Misr Insurance Company (Egypt) | 5.11% |
| Société Centrale de réassurance (Morocco) | 5.06% |
| Gulf Insurace Group (Kuwait) | 4.57% |
| Others | 48.84% |
 | |
* Shareholding at 31/12/2017
Arab Re : Technical ratios
| 2018 | 2019 | 2020 | |
| Net loss ratio | 70% | 71.1% | 72.6 |
| Management expenses ratio* | 36% | 34.6% | 31.4% |
| Net combined ratio | 106% | 105.7% | 104.0% |
* Source AM Best
Arab Re : management
| Sheikh Khaldoun Barakat | Chairman of the board |
| Hussein Mallouk | General manager |
| Salim Kojok | Assistant general manager administration |
| Jean Marie Naaman | Deputy head of technical departement |
| Nehme Araman | Underwriting non life director |
Read also | Lebanese insurance companies
