Our following panel of Re-Takaful Companies offers professional protection to our risk with substantial underwriting capacity. They write business across all lines worldwide and their company’s Shariah Supervisory Board regularly reviews the overall activities.
Formerly called the Pakistan Insurance Corporation, Pakistan Reinsurance Company Limited, PRCL was established in 1952 as Pakistan Insurance Corporation under PlC Act 1952 in order to support local insurance industry. It is the sole reinsurance organization operating in Pakistan.
PRCL’s prime objective is the development of insurance and reinsurance business in Pakistan. The company provides insurance solutions to departments including Aviation, Marine Cargo, Marine Hull, Engineering, Fire and Accident. The company is a national reinsurer playing its role in the economic development of Pakistan.
GIC of India is a state owned enterprise in India. It was the sole reinsurance company in the Indian insurance market until the insurance market was open to foreign reinsurance players by late 2016 including companies from Germany, Switzerland and France.
GIC Re has its registered office and headquarters in Mumbai.
Arab Reinsurance Company S.A.L provides reinsurance services.
It offers fire, general accident, engineering, cargo, hull, aviation, medical and life, and casualty and marine reinsurance services to insurance companies in Lebanon.
The company was founded in 1972 and is based in Beirut, Lebanon.
Kuwait Re was established in 1972 to be the first reinsurer in the Gulf. The founders of Kuwait Re were the then only four insurers, 6 banks and two semi-government investment companies in Kuwait.
In 2015 Al Ahleia Insurance Company, a major Kuwait based insurance company and one of the founding insurers, increased the ownership in Kuwait Re to 91.7%.