KFH Takaful Company" (KFH Takaful) had successfully signed their Reinsurance Treaty for 2019 with “Swiss Re” - the world first class reinsures in reinsurance field. In co-ordination and co-operation with Swiss Re,  KFH Takaful Co. assures to provide their best insurance services to customers.  This confirms the company’s efforts to enhance its existence and importance in the local market, aiming to open new fields toward major projects, helping to diversify customer segments and developing the company's performance to become more competitive and growing in various areas of business through the above strategic partnership.

Chief Executive Officer” Qutaiba Al Nisf stated in a press conference that the Agreement made with “Swiss Re” strengthens the company's capacity to evaluate and secure risks and opening up new fields with a higher ability to attract additional customers. "Swiss Re" Global Lead Reinsurer, is distinguished with the following Credit Rating

Standard & Poor's: AA (very strong)

Moody's: Aa3 (excellent)

A.M. Best: A+ (superior)

He, Al Nisf, expressed his pride and happiness in this strategic step of entering in to an agreement with "Swiss Re" and being a gateway for the company’s entry in to the Kuwaiti Market after a long period of absence.  The participation of global giant insurance company and their expertise and experiences in the field of insurance, will help to calculate risks at the highest possible levels and noting that some risks require different plans and preparations.

He added, “We believe that this Treaty Agreement reflects the quality of our company.  The high relevant and expansive plans along with our continuous endeavor to expand the market share are trusted to attract distinguished customers.   Collaborating with a strong Insurance firm enables us to participate in Major Projects bearing in mind that the government is planning to launch more development/ infrastructure projects.  This will also promote the performance in private sector, which requires necessary insurance and reinsurance activities in national or trans-border economic business.

In conclusion, Al Nisf confirmed that “KFH Takaful” will continue to provide distinctive insurance services that meet the needs and desires of their  customers. Furthermore, he assures to add more benefits with speed of performance, diversity in the delivery of Insurance solutions to cover different areas of business and various aspects of economic activities and provide the security and reliability to their Programs.  This is with the objective of highlighting the strength of the Company and its position in the local market, where it holds a large insurance portfolio, leading position among other Traditional and Takaful Insurance companies and is  characterized by multiple and appropriate solutions catering to the requirement of all customers on the widest scale.

-Ends-

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.