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.
Saudi Reinsurance Company “Saudi Re” is a Saudi joint stock company, founded in Riyadh in 2008 as the first reinsurance company established in Saudi Arabia. It is publicly Joint Stock Company Listed on the Saudi Exchange Market and the first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA). It offers facultative and treaty solutions both on a proportional and non-proportional basis and strong underwriting expertise in Engineering, Property, Marine, Casualty, Motor, Retro, and Life & Medical.
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%.
Kuwait Re, over 40 years in operation, offers its customers a wide range of products including traditional and tailored reinsurance solutions. The State of Kuwait itself has an AA sovereign rating from Standard & Poor’s, reflecting the country’s financial position and political stability. Kuwait Re’s parent company, Al Ahleia Insurance Company, maintains it’s A- rating for Standard & Poors.