Established in 2008 as a Gulf Cooperation Council (GCC) home-based reinsurer, Gulf Reinsurance Ltd. (Gulf Re), originally formed as a 50/50 joint venture between Arch Capital Group Limited (Arch) and Gulf Investment Corporation (GIC), became a wholly-owned subsidiary of Arch in 2015. Arch continues to maintain a partnership with GIC that allows it to combine its industry knowledge and skills with a local investment company formed to foster economic growth, economic diversification and capital markets development across the GCC region. Arch seeks to add depth to the GCC insurance sector by supporting the growth of local insurers.
Gulf Re uses a technical underwriting approach in all its reinsurance transactions and is committed to providing effective risk transfer solutions to its clients.
Gulf Re is currently focused on business emanating from the six GCC states (Bahrain, Oman, Kuwait, Qatar, Saudi Arabia and the UAE) and MEA thus serving local insurers and brokers, as well as London and other international markets.