Reinsurance

Swiss Reinsurance Company Ltd, generally known as Swiss Re, is a Swiss reinsurance company. It is the world’s second-largest reinsurer, after having acquired GE Insurance Solutions. The company has its headquarters in Zurich.

Hannover Re, with a gross premium of around EUR 14.0 billion, is the third-largest reinsurer in the world. It transacts all lines of non-life and life and health reinsurance and is present on all continents with around 2,400 staff.

Korean Re was established in 1963 as a state-owned reinsurance company. It was privatized in 1978 and is now the 10th largest reinsurance company in the world (and the largest in Asia). Korean Re provides firm support to Korea’s industry through reinsurance services and, by working together with other insurance industry companies, is leading the progress of the insurance industry.

Trust Re is a closed joint stock company registered in Kingdom of Bahrain with a paid up capital of USD 140,000,000. They are specialized in non-life reinsurance with an industry acknowledged expertise in Energy (Offshore and Onshore). Their area of interest spans the Middle East, Africa and Asia, Cyprus, Turkey, Russia as well as CEE and CIS countries.

Formerly called the Pakistan Insurance Corporation, Pakistan Reinsurance Company limited, PRCL was established in 1952 as Pakistan Insurance Corporation under PIC act 1952 in order to support local insurance industry. It is the sole reinsurance organization operating 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.

Malaysian Reinsurance Berhad, also known as Malaysian Re, is the leading reinsurance organization in Malaysia. For more than 30 years, it has played a strong stabilizing role in the development of the country’s general reinsurance business, creating headlines in the global arena. The company is committed to providing quality services to cater for the industry’s demand for a more secure corporate future. With profound knowledge and experience, strong fundamentals and proven track record, the company is fast gaining international recognition for its professionalism in the reinsurance and insurance business.

Kuwait Re was established in 1972 as a closely held shareholding company and was listed on the Kuwait Stock Exchange in June 2004. The founders were national institutions in the insurance, banking and investment industries. In December 2000, Transatlantic Reinsurance Company – New York, a renowned global reinsurer, became a 40% Shareholder and a strategic partner through an injection of additional capital. Kuwait Re’s knowledge of the regional markets and the strategic alliance with a global reinsurer is an added value to Kuwait Re’s increasing client base.

MAPFRE ASISTENCIA is an insurance, reinsurance and services multinational, founded in Madrid (Spain) in 1989 and now operates in Europe, America, Asia, Australia and Africa. Specialist and international leader in Assistance and specialty Risks, it designs innovative and highly original solutions targeting the following four sectors: Insurance, Automotive, Tourism and Finance. In 2010, they achieved a portfolio of 1,500 corporate clients accounting for 90 million people and over 195 million beneficiaries in the whole world. MAPFRE ASISTENCIA forms part of the MAPFRE Group, a multinational direct insurance group based in Spain, which is also involved in other international activities of great economic and strategic importance to the group: reinsurance, assistance and global risks.

 

Labuan Re was incorporated in the International Offshore Financial Centre of Labuan (an island off the south-west coast of Sabah, a state in East Malaysia), on September 14th, 1992 with a paid-up capital of US$10 million. The Company was established as an international reinsurer and has over a short period of time become a major player in the Afro-Asian insurance/reinsurance industry. The authorised capital of the Company is US$500 million. The Company currently has a paid-up capital of US$150 million.