Magazine date:
May 2012 The reinsurer Gulf Re, established in 2008, has posted a 15% growth of its written premiums in 2011. The combined ratio of the year attained 96.9%. The company has not been affected by major natural catastrophes nor has it sustained the impact of the Euro zone crisis. As of January 1, 2012, Gulf Re has widened the geographical range of its department of facultative acceptances to include the entire MENA region. Since 2011, this department has been providing marine, off-shore energy and terrorism covers. Gulf Re, which is detained on equal shares by Gulf Investment Corporation and Arch capital Group, has an A- rating from AM Best.