Kuwait Re

Kuwait ReDATE OF CREATION: 1972, Kuwait
CLASSES OF BUSINESS: Life and non life
MAIN UNDERWRITING REGIONS: Middle East, Asia and Africa
CONTACT: Kuwait Re Tower, Sharq Area, Al-Shuhadaa Street, PO Box 21 929 Safat 13080, Kuwait City, Kuwait
Tel: +965 2229 96 66
Fax: +965 2229 96 02
Email: kuwaitre [at] kuwaitre [dot] com
Website: www.kuwaitre.com

Kuwait Re: Main indicators

in USD
 20172018Kuwait Re indicators
Turnover115 822 000152 688 000
Shareholder’s equity151 044 000159 694 000
Net result10 107 00011 054 000

Kuwait Re: Turnover 2018 by class of business

 PremiumsIn %
Fire103 611 00067.86%
General accident 9 844 0006.45%
Marine, energy and aviation30 596 00020.04%
Total non-life144 051 00094.35%
Life8 637 0005.65%
Grand total152 688 000100%
Kuwait Re Turnover

Exchange rate as at 31/12/2017: 1 KWD = 3.30268 USD; as at 31/12/2018: 1 KWD = 3.27956 USD

Kuwait Re: Capital and shareholding

ShareholdersIn %
Al Ahleia Insurance91.74%
Kuwait Insurance5.1%
Others3.16%
Kuwait Re shareholding

Kuwait Re: Technical ratios

 20172018
Loss ratio64.89%65.54%
Management expenses ratio33.11%31.46%
Combined ratio98%97%
Kuwait Re ratios

Kuwait Re: Management

Sulaiman Hamad Mohammed Al DalaliChairman of the board
Dawoud S. Al DuwaisanChief executive officer
Mohammed Al TabtabaeiChief operating officer
Hamad Jasim Al NusifChief finance officer
Abdallah BadaouiGeneral manager, Kuwait Re Far East regional office

Kuwait Re: Rating

AgencyRatingOutlook
A.M. BestA-Stable

Kuwait Re: Regional structure

Kuala LumpurMalaysia
0
Your rating: None
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