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, Beirut, 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| 2019 | 2020 | 2021 | |
| Turnover | 69 253 | 60 267 | 61 132 |
| Shareholder’s equity | 97 309 | 99 360 | 104 495 |
| Net result | -3 114 | 2 350 | 4 763 |
Arab Re : Turnover 2021 by class of business
In thousands USD| Premiums | Market shares | |
| Fire | 22 069 | 36.1% |
| Accident | 15 711 | 25.7% |
| Marine | 5 685 | 9.3% |
| Engineering | 5 318 | 8.7% |
| Total non life | 48 783 | 79.8% |
| Life | 12 349 | 20.2% |
| Grand total | 61 132 | 100% |
Arab Re : Capital and shareholding
| Shareholding (1) | 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% |
(1) Shareholding at 31/12/2017
Arab Re : Technical ratios
| 2019 | 2020 | 2021 | |
| Net loss ratio | 71.1% | 72.6 | 66.6% |
| Management expenses ratio | 34.6% | 31.4% | 41.4% |
| Net combined ratio | 105.7% | 104.0% | 108% |
* 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 |
| Imad El Masri | Underwriting non life director |
Source: Arab Re
Read also | Lebanese insurance companies
