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| DATE OF CREATION: 1972, Kuwait |
| CLASSES OF BUSINESS: Life and non-life | |
| MAIN UNDERWRITING REGIONS: Middle East, Asia and Africa | |
| Regional structure: Kuala Lumpur (Malaysia) |
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 2 242 78 23 |
| Email: kre@kuwaitre.com |
| Website: www.kuwaitre.com |
Kuwait Re: Rating
| Agency | Rating | Outlook |
| A.M. Best | A- | Stable |
| Standard & Poor’s | A- | Stable |
Kuwait Re: Main indicators
in thousands USD| 2021 | 2022 | |
| Turnover | 236 256 | 241 982 |
| Shareholder’s equity | 208 338 | 226 511 |
| Net result | 20 831 | 25 980 |
| ROE (1) | 10% | 11.47% |
(1) Net result / Shareholder’s equity
Exchange rate as at 31/12/2021: 1 KWD = 3.29754 USD; 31/12/2022: 1 KWD = 3.25952 USD
Read also | Kuwait Re: improved results in 2024
Kuwait Re: Management
| Sulaiman Hamad Mohammed Aldalali | Chairman of the board |
| Dawoud S. Al Duwaisan | Chief executive officer |
| Mohammed Al Tabtabaei | Chief operating officer |
| Hamad Jasim Al Nusif | Chief finance and investment officer |
| Mansour Abu Helal | Chief planning and business development officer |
| Abdallah Badaoui | General manager - regional office in Kuala Lumpur, Malaysia |
| Xavier P.K | Chief underwriter - facultative underwriting |
Source: Kuwait Re
Read also | Insurance companies in Kuwait
