Kuwait Reinsurance Company KSCP (Kuwait Reinsurance Company) announced that it has started operations in India’s first International Financial Services Center (IFSC), Gujarat International Financial Technology City (GIFT City).
Founded in 1972, Kuwait Reinsurance Company is a reinsurance provider with offices in Kuwait and Malaysia. The company provides life and non-life treaty and temporary reinsurance solutions. Kuwait Reinsurance Company also offers Shariah-compliant Takaful solutions through its Malaysian branch.
Prior to this, Kuwait Re had been providing reinsurance solutions to the Indian insurance market as a cross-border reinsurer for over 40 years.
Kuwait Re said the move reflects the progress of its long-standing business in India and strengthens the strong relationships it has built with its partners across market cycles and changing conditions.
The presence in GIFT City will enable Kuwait Re to be closer to its partners, enhance responsiveness and further enhance its ability to support partner growth through consistent underwriting and capital solutions.
Kuwait Re is the latest reinsurer to launch operations in India’s GIFT City in 2026, joining the likes of Saudi Re, Santam, PartnerRe and Echo Re.
2025 will also be a strong year for new entrants, with reports showing GIFT City’s insurance and reinsurance volume expanding rapidly.
