Gulf Insurance Group is 43.6% owned by Fairfax and operates as a joint venture with Gulf Insurance’s largest shareholder, Kuwait Projects Company (Holdings) or KIPCO. Gulf Insurance was established in 1962 and is currently the largest insurance company in Kuwait in terms of written and retained premiums. Gulf Insurance covers a variety of risks related to Motor; Marine and Aviation; Property and Casualty; Life and Health insurance. In 2020, Gulf Insurance’s gross premiums written were 444.4 million KWD and net premiums written 192.5 million KWD (approximately KWD 0.3042 = US$1). At year-end, the company had total shareholders’ equity of 145.3 million KWD and there were approximately 2,400 employees.

Its subsidiaries include Gulf Insurance & Reinsurance Company, Kuwait; Bahrain Kuwait Insurance Company, Bahrain; Arab Orient Insurance Company, Jordan; Arab Misr Insurance Group, Egypt; Gulf Sigorta, Turkey; Egyptian Life Takaful Company, Egypt; Dar Al Salam Insurance Company, Iraq; Fajr Al Gulf Insurance & Reinsurance Company, Lebanon; Gulf Warranties, Saudi Arabia; and its affiliates include: Buruj Cooperative Insurance Company, Saudi Arabia; Alliance Insurance Company, UAE; Al Argan International Real Estate Company, Kuwait; Egyptian Takaful Property & Liability Company, Egypt; United Networks, Kuwait.

Gulf Insurance is led by Mr. Khaled Saoud Al-Hasan, Group Chief Executive Officer, who has been with Gulf Insurance since 1978.

Our Brands

Head Office

KIPCO Tower, Floor 42
Khalid Bin al Waleed Street
Block 5, Building No. 1
P.O. Box 1040
Sharq, Kuwait City - 13011

Tel: 965-1-80-20-80; 2296-1999
Fax: 965-2296-1998
Email: contacts@gig.com.kw

See www.gulfinsgroup.com for more information about Gulf Insurance, subsidiaries and its affiliates.

Ratings

Gulf Insurance Group has a financial strength rating of "A-" by S&P, "A" (Excellent) by A.M. Best and "A3" by Moody's.