Payment methods: Cash payment, Cashless payment, Bank cheques; Insurance: Property All Risks Insurance; Service Language: English, Hindi, Urdu
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 Ltd. (Arch) and Gulf Investment Corporation (GIC), became a wholly-owned subsidiary of Arch in 2015.
In 2017, Arch took the strategic decision to supplement the operations of Gulf Re by forming Arch Underwriters (Gulf) Limited (AUGL), which is based in the Dubai International Financial Centre and licensed as an Insurance Manager by the Dubai Financial Services Authority. AUGL holds delegated underwriting authority on behalf of Arch Reinsurance Ltd. (“Arch Re”), which holds a financial strength rating of ‘A+’ from Standard & Poor’s. All existing Gulf Re clients and brokers are now provided the opportunity to renew, through AUGL, with the highly rated paper of Arch Re, while AUGL benefits from the local knowledge and experience of the current Gulf Re underwriting and claims teams.
Gulf Re remains committed to servicing its clients and brokers with respect to in-force business,