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.
Labuan Reinsurance (L) Ltd (Labuan Re) was incorporated in Labuan, Malaysia on September 14th, 1992.
The Company was established to write general reinsurance businesses. Subsequently, the Company also commenced writing Retakaful businesses in 2007.
EmiratesRE The first leading Retakaful Institution for regional and worldwide markets, grounded on Fiqh Al Muamalat, observing the rules and regulations of the Islamic society.
Enlarge the market for Retakaful by offering enhanced reinsurance solutions and leading terms to Takaful and conventional clients. Providing differentiated products and excellent services requiring an ethical and independent approach backed by solid capital and sound Retakaful principles.
A.M. Best has affirmed the financial strength rating of B++ (Good) and the issuer credit rating of “bbb+” of Emirates Retakaful Limited (ERL) (United Arab Emirates).
Africa Retakaful was established in 2010 and commenced operations in September 2010.
It’s a 100% owned subsidiary of Africa Re and was set up to support the needs of the African insurance markets and to extend its services to the Takaful players in the Middle East and Asia.
Africa Retakaful provides a wide range of shari’a compliant Retakaful products.
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%.