Kuwait Reinsurance Company participated in the 32nd conference of the General Arab Insurance Federation (GAIF) which took place from 24 to 27 June 2018 in Hammamet (Tunisia) under the theme "The digital transition and the insurance industry in the Arab world". The reinsurer, already present as a sponsor of the GAIF newsletter, has on this occasion presented its new corporate identity.
As a reminder, Kuwait Re [4] achieved in 2017, a net result of 3.060 million KWD (10.157 million USD) against 1.951 million KWD (6.393 million USD) in 2016. Gross premiums increased by 19.3% at 35.069 million KWD (116.405 million USD).
The reinsurer was granted an "A" financial strength rating (excellent) with stable outlook by the rating agency A.M.Best following this good performance.