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| DATE OF CREATION: 2006, Bahrain |
| CLASS OF BUSINESS: Life and non life | |
| MAIN UNDERWRITING ZONES: Middle East, Asia and Africa | |
| REGIONAL STRUCTURE: Lubuan (Malaysia) |
Hannover Retakaful : contact
| Adress: Al Zamil Tower, 17th Floor, P.O. Box 75180, Manama, Bahrain |
| Tel: (+973) 17 214 766 |
| Fax: (+973) 17 214 667 |
| Website: www.hannover-re.com |
Hannover Retakaful : rating
| Agency | Rating | Outlook |
| Standard & Poor's | A+ | Stable |
Hannover Retakaful : main indicators
in thousands USD| 2019 | 2020 | 2021 | |
| Turnover | 178 953 | 206 347 | 171 096 |
| Shareholder’s equity | 180 998 | 203 456 | 216 252 |
| Net result | 25 837 | 22 362 | 12 893 |
Hannover Retakaful : turnover 2021 by class of business
in thousands USD| Premiums | In % | |
| General retakaful | 65 735 | 38.42% |
| Family retakaful | 105 361 | 61.58% |
| Total | 171 096 | 100% |
Hannover Retakaful : capital and shareholding
in thousands USD| Shareholders | In % | Share capital |
| Hannover Re | 100% | 52 733 |
Hannover Retakaful : technical ratios
| 2019 | 2020 | 2021 | |
| Loss ratio | 63.8% | 63.2% | 43.4% |
| Management expenses ratio | 39.0% | 37.2% | 42.1% |
| Combined ratio | 102.8% | 100.4% | 85.5% |
Source: AM Best
Hannover Retakaful : management
| Claude Chevre | Chairman of the board |
| Adham El-Muezzin | Managing director |
| Zarita Beeton | Chief financial officer |
| Ridwaan Patel | Chief risk & compliance officer |
| Fadhel Al Sabea | Underwriting manager, treaty |
| Hania Abdeljalil | Underwriting manager, family & health |
Exhange rate at 31/12/2018 : 1 BHD = 2.64362 ; 31/12/2019 : 1 BHD = 2.63655 USD ; 31/12/2020 : 1 BHD = 2.63793 USD ; 31/12/2021: 1 BHD = 2.63667 USD
Sources: Hannover Re and AM Best
Read also | Top 10 insurers in Bahrain
