Kuwait Reinsurance Company K.S.C.P. (Kuwait Re) has announced that it has commenced operations from Gujarat International Finance Tec-City (GIFT City), India’s first International Financial Services Centre (IFSC).
Established in 1972, Kuwait Re is a reinsurance provider with offices in Kuwait and Malaysia. The company offers life and non-life treaty and facultative reinsurance solutions. Kuwait Re also provides Shariah-compliant retakaful solutions through its Malaysian branch.
This move follows more than 40 years of Kuwait Re providing reinsurance solutions to the Indian insurance market as a cross-boarder reinsurer.
Kuwait Re said the step reflects the progression of its long-standing presence in India and reinforces the strong relationships it has built with partners across market cycles and evolving conditions.
A presence in GIFT City will enable Kuwait Re to be closer to its partners, enhance responsiveness, and further strengthen its ability to support their growth through consistent underwriting and capital solutions.
Kuwait Re is the latest re/insurer to establish operations at India’s GIFT City in 2026, joining the likes of Saudi Re, Santam, PartnerRe, and Echo Re.
2025 was also a strong year for new entrants, with reports revealing that insurance and reinsurance volumes have expanded rapidly at GIFT City.
