Gulf Insurance Group K.S.C.P (gig)
Established in 1962, Gulf Insurance Group is one of the largest and the most diversifed insurance groups in the Middle East and North Africa region with operational footprints in 11 countries. Listed on Kuwait Stock Exchange, gig has established itself as Kuwait’s consistent market leader in terms of Premiums Written.
The Group has grown from being a leading personal and commercial insurer in Kuwait into a regional insurance solutions provider in the MENA region with a strong competitive market position in Kuwait, Bahrain, Jordan and Egypt. Furthermore, the Group has operations in Turkey, Algeria, Iraq, Syria, Lebanon, Saudi Arabia and UAE. gig has created a competitive edge in its markets through the implementation of a comprehensive approach involving use of latest and superior Information Technology services, Product Innovation, Customer Relations Management, Enterprise Risk Management, Corporate Governance, prudent Underwriting practices and Digitalization.
The group prides itself in its distinguished quality of products and superior customer service. Our products and services are designed and developed in collaboration with leading international insurance and reinsurance partners. Gulf Insurance enjoys lending utmost professional and personalized attention to both individual and corporate clients in their current and future insurance needs.
* Group’s paid up capital was increased from KD 18,703,913 to KD 20,123,913 during Q1, 2021 by issuing 14,200,000 ordinary shares.
Group’s Major Shareholders
Kuwait Projects Co. (KIPCO) The KIPCO Group is one of the biggest holding companies in the Middle East and North Africa. The Group has signifcant ownership interests in over 60 companies operating across 24 countries. The group’s main business sectors are fnancial services, media, real estate and manufacturing. Through its core companies, subsidiaries and afliates, KIPCO also has interests in the education and medical sectors.
Fairfax Financial Holdings Limited is a fnancial services holding company, which through its subsidiaries, is engaged in property and casualty insurance and reinsurance and investment management. Fairfax subsidiaries provide a full range of property and casualty products, maintaining a diversifed portfolio of risks across all classes of business, geographic regions, and types of insured. Fairfax’s corporate objective is to achieve a high rate of return on invested capital and build long-term shareholder value. The company is headquartered in Toronto, Canada.