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KUWAIT INSURANCE COMPANY S.A.K - page 10 / 29

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10 / 29

SECURITY

  • KIC's Reinsurance Programs are always placed with excellent securities.

  • The panel of reinsurers holding major share on our Treaty and Facultative Reinsurance are : SCOR, Hannover Re, Swiss Re, Munich Re, ARIG , Zurich, ACE, QBE, CCR Paris, Tokio Marine, Mitsui Sumitomo, Sompo Japan , Korean Re, Kuwait Re, GIC of India; all of which are rated ‘A’ and above.

  • Continuous monitoring of the Reinsurance Securities.

  • The largest insurance claim in the history of Kuwait, being US$ 345 Million for KNPC’s Mina Al Ahmadi Refinery Vapour Cloud Explosion on 25th June 2000 was on a policy led by Kuwait Insurance Company. This was professionally managed by KIC and the shares of all participants were promptly settled.

www.kic-kw.com

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