SM Re announces global expansion plans

SM Reinsurance Company (SM Re), a new reinsurer based in Dubai, has announced plans to expand into markets beyond Africa and Asia.

Since the start of its operations on 1 June 2023, the reinsurer has achieved rapid growth and cemented its presence in the local reinsurance market.

For the time being, SM Re's activities are limited to Africa (excluding South Africa) and certain Asian markets. The reinsurer is looking to extend its network of clients and partners beyond these two continents.

Under the leadership of Jacquelin Fine, SM Re underwrites fire, engineering, liability, marine and miscellaneous accident risks.