July 2024:
AM Best Affirms Credit Ratings
AM Best Affirmed Kuwait Re the financial strength rating ‘A-‘ (Excellent) outlook.
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Feb 2024: Year-End Financial Report
Kuwait Re continues to demonstrate its solid financial position through the year-end financial results.
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Feb 2024:
Kuwait Re’s 2024 Corporate Brochure
we are pleased to announce Kuwait Re’s 2024 corporate Brochure.
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Welcome to Kuwait Reinsurance Company
Kuwait Re is a leading provider of reinsurance services, serving insurance companies worldwide to the highest standards by providing reliable, tailored risk transfer solutions over a variety of industries. Operating within an environment of fairness, transparency and reliability, we work alongside our clients to ensure that risk is not only controlled, but also used as an integral tool to guarantee growth and expansion. With offices in both Kuwait and Malaysia, Kuwait Re aims to become a reinsurer of preference.
Investor Relations
Our mission is to be a preferred regional reinsurer and to consistently build our financial strength and shareholders’ value. Kuwait Re applies a strategic plan for maintaining the interest of the shareholders through improving the quality of the reinsurance contracts and operating income. The company’s business profile is supported by good geographical diversification, with operations spanning the Middle East and North Africa, Asia-Pacific and Central and Eastern Europe.
We also strive to enhance enterprise risk management and Internal controls, make business decisions utilizing data and advanced information systems, and Invest in Human Capital, which is the most vital resource of Kuwait Re.
Send an e-mailFinancials
Credit Rating
A- (Excellent)
A.M. BEST
AM Best Affirmed Kuwait Re the financial strength rating 'A-' (Excellent) positive outlook. “In view of very strong balance sheet, adequate operating performance, neutral business profile and appropriate enterprise risk management, strongest level of risk-adjusted capitalisation, prudent reserving practices and sufficient liquidity to support operations”.
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-TermIssuer Credit Rating of “a-” (Excellent) of Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) (Kuwait).
A-
S&P Global Rating
Standard and Poor’s Global has affirmed its 'A-' global scale and 'gcAAA' Gulf Cooperation Council regional scale ratings on Kuwait Reinsurance Co. The stable outlook reflects our view that Kuwait Re will maintain its very robust capital adequacy buffers, while it continues to profitably expand and diversify its business over the next two years. The insurer has built a track record of strong operating performance within underwriting and investments in comparison to its peers.
Risk Engineering
Kuwait Re launched risk engineering service to support our partners in providing loss prevention programs and consulting services. The company plans to expand its network of engineers across various disciplines, offering a wide range of services to local, regional and international markets where Kuwait Re is offering its solutions. Kuwait Re’s engineers are based in Kuwait and Malaysia operating closer to our partners and our underwriters.
In Kuwait Re, Risk Engineers and Underwriters meet, discuss and communicate on regular day to day basis to manage and mitigate risks. Our engineers are qualified and experienced in working in/on Chemical, Power, Steel, Manufacturing, Marine and Construction industries, and can manage a wide range of requests and requirements for our clientele.
Risk Engineering Service:
Kuwait Re’s motivated Engineers will offer a range of services not limited to:
• Detail risk inspection, arriving at probable maximum loss, arriving at normal loss expectancy and measures for loss preventions.
• We further develop a detail business mitigation program to manage business continuity.
With over 47 years of experience in reinsurance business, Kuwait Re have amassed data on claims across different industries and regions which would help our Engineers in providing pragmatic solutions and giving our clients in-depth analysis on claims history. We strive to achieve our timelines punctually and deliver desired results as per our original laid commitment. We listen to our partner’s request and further offer trainings on various topics as per the request.
We believe in teamwork and we operate as part of our partners team!
Risk Engineering Manager
Claims
At Kuwait Re, we recognize claims are an integral part of our business. We are an experienced team of professionals who believe that claims are an opportunity to reaffirm our clients’ belief in our services. By constantly maintaining a proactive spirit, we ensure our clients are always one step ahead, with long-term risk solution strategies that they can count on in the case of any event.
Time and again, Kuwait Re has proven its commitment to its clients all over the world, constantly in pursuit of its vision to be the reinsurer of preference.
+965 22299610Careers
At Kuwait Re, our most valuable investment is our people. Above all else, we pride ourselves being a team of corporate entrepreneurs, continuously striving to create reliable business solutions and serve our clients better. Through frequent training opportunities, we are constantly developing an initiative-driven team ready to take on a dynamic, challenging and rewarding workplace.
Are you interested in joining Kuwait Re? Discover more on our careers portal and search our open positions. If there are no open positions listed, please visit our Careers page to upload your CV and our hiring managers will review your CV and get back to you if relevant positions are available.
Internship Opportunities
Our six-month paid internship program offers fresh graduates a unique chance to explore the reinsurance industry. We are accepting internship applications from students who are currently residing in Kuwait and have majored in Engineering, Actuarial Science, Statistics, and/or Mathematics and Finance.
