Kuwait Re

Kuwait Re
DATE OF CREATION: 1972, Kuwait
CLASSES OF BUSINESS: Life and non-life
MAIN UNDERWRITING REGIONS: Kuala Lumpur (Malaysia)
Regional structure: Middle East, Asia and Africa

Kuwait Re: Contact

Address: 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: Rating

AgencyRatingOutlook
A.M. BestA-Stable

Kuwait Re: Main indicators

in thousands USD
 201720182019
Turnover115 822152 688187 405
Shareholder’s equity151 044159 694175 613
Net result10 10711 05415 550

Kuwait Re: Turnover 2018 by class of business

in thousands USD
 2018 Premiums2019 PremiumsIn %
Fire103 611111 70959.61%
General accident 30 59632 34817.26%
Marine, energy and aviation9 84427 96614.92%
Total non-life144 051172 02391.79%
Life8 63715 3828.21%
Grand total152 688187 405100%

Exchange rate as at 31/12/2017: 1 KWD = 3.30268 USD; 31/12/2018: 1 KWD = 3.27956 USD; as at 31/12/2019: 1 KWD = 3.28983 USD

Kuwait Re: Capital and shareholding

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

Kuwait Re: Technical ratios

 201720182019
Loss ratio64.89%63.92%65.88%
Management expenses ratio33.11%31.84%28.33%
Combined ratio98%95.76%94.21%

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 and investment officer
Abdallah BadaouiGeneral manager - Malaysia
Xavier P.KChief underwriter - facultative underwriting
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