Kuwait Reinsurance Company K.S.C.C.
Kuwait Reinsurance Company K.S.C.C. (Kuwait Re) is a Kuwait based company. The company is principally engaged in providing of a wide range of reinsurance products in Kuwait. It principally focuses on the Non-Life reinsurance services. It operates in three business segments namely, Fire, General accident and Marine and aviation. The company has a strategic partnership with Transatlantic Reinsurance Company. It operates in Kuwait and Malaysia. Further, it also has its client base in Africa. The company is headquartered in Safat, State of Kuwait.
The company recorded revenues of KD 10.46 million during the fiscal year ended December 2007, an increase of 16.0% over 2006. The operating loss of the company was KD 0.97 million during the fiscal year 2007, as compared to the operating loss of KD.0.25 million. The net profit of the company was KD 7.6 million during the fiscal year 2007, a decrease of 14.2% over 2006.