Kuwait Re Eyes KWD 37 Mln Premiums In 2013

Kuwait Reinsurance Company targets to achieve premiums of KWD 37 million in 2013 from KWD 36 million in 2012, said Mohammed Al-Tabtabaie, general manager of the company.

Kuwait Re has one foreign branch in Malaysia and does not plan to inaugurate other branches in the upcoming period, he told Amwal Al Ghad.

He said the company, which has capital of KWD 15 million, does not deal with Egypt because of the current economic and political disturbances in the country, but he hoped that the company will deal soon with Egyptian companies after stability is resorted in the country.