About Us

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.

Hamad J. Al Nusif

Chief Finance & Investment Officer

Financials


First Quarter Second Quarter Third Quarter Full Year
Mar 2022 June 2022  Sep 2022  
Mar 2021 June 2021  Sep 2021  Dec 2021

Credit Rating

A- (Excellent)
A.M. BEST


AM Best Affirmed Kuwait Re the financial strength rating 'A-' (Excellent) 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”.

A-
S&P Global Rating


Standards and Poor’s Global has assigned 'A-' Rating (Stable) Outlook to Kuwait Reinsurance Co. “With a strong track record, strong operating performance, capital adequacy remain above the ‘AAA’ level supported by profitable earning from underwriting and investment activities, exceptional liquidity, strong financial risk profile”

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 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 wide range of requests and requirements for our clientele.

Risk Engineering Service:

Kuwait Re’s motivated Engineers will offer 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.

Renjith Chalakkaran

Head of claims

News

November 2022: Third-Quarter Financial Report

Kuwait Re continuous to demonstrate it’s solid position through Q3 financial results.

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February 2022: 2021 Financial Results

we are pleased to announce Kuwait Re’s 2021 results.

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50th Anniversary!

In 2022, Kuwait Reinsurance Company marks 50 years of successful operations.

It is a historic moment in our journey throughout the decades where we commemorate everyone involved in our success and growth, from past and present employees, clients, and partners.

Kuwait Reinsurance Company’s experience in those 5 decades has not only made the Kuwait Re brand resilient, but more committed in supporting our markets and clients by improving and expanding our risk transfer solutions in the best methods we can.

Careers

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.

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