S G I W T O
042-35775024-29 takaful@takafulsgi.com Mon - Fri : 09- 05
  • SGI

Office Address

  • Head Office, SGI House, 18-C/E-1, Gulberg-III, Lahore.
  • takaful@takafulsgi.com
  • 042-35775024-29

Social List

Re-Takaful
Arrangements

Security General Insurance Company Limited (SGICL) have strong re-insurance arrangements with world class re-insurers.

Labuan Re

Labuan Reinsurance (L) Ltd (Labuan Re) was incorporated in Labuan, Malaysia on September 14th 1992 and writes general reinsurance business for both the Malaysian market as well as Overseas markets. In 2001, the Company made its maiden entry into the Lloyd’s market, and subsequently incorporated a wholly owned subsidiary, Labuan Reinsurance Underwriting Limited, which is a Lloyd’s corporate member. In 2006, Labuan Re began writing the general Retakaful business through its Retakaful window.

Malaysian Re

Malaysian Reinsurance Berhad (Malaysian Re) was granted the license to transact general and family retakaful business by the Ministry of Finance on 13 April 2016. This new division was established to expand and complement Malaysian Re’s conventional reinsurance business operations by extending the shariah-compliant supply chain to both local and international takaful operators.

Oman Re

Oman Re, the sole reinsurer in the Sultanate of Oman, proudly announces the attainment of a Retakaful license, officially granted by the Capital Market Authority on 22 February 2024. This milestone achievement coincides with the celebration of Oman Re's 15 years of unwavering commitment to the industry. The granted license empowers Oman Re to establish Retakaful operations, further solidifying its position in the market and enabling the provision of Shariah-compliant Retakaful solutions across diverse markets.

Arab Re

In view of the continuous developments of our markets, notably the establishment of several new takaful companies and ongoing, we are still emphasizing on our Retakaful window established in 2012, with its shariah compliant services. The main two pillars of establishing Arab Retakaful window are to meet our partners’ need for retakaful support and expertise as part of our commitments to promote genuine takaful operations, within our underwriting territorial scope.

Sava Re, the parent company and reinsurer, services more than 350 clients globally. With its insurance and insurance-related companies, it forms one of the largest insurance groups in southeast Europe. Since beginnings in 1977, we have built our success on prudent, stable operation, with commitment to our clients.
Rating BBB- by Fitch

Kenya Re

Kenya Reinsurance Corporation Limited (Kenya Re) is the oldest Reinsurer in Eastern and Central Africa. It was established through an Act of Parliament in December 1970 and commenced business in January 1971. The Retakaful Window was launched in 2013. Kenya Re is a composite Retakaful operator offering Retakaful support on proportional and non-proportional basis for treaty as well as facultative business in Africa, Middle East and Asia. Kenya Re becomes the first local company to launch a Retakaful window. This move falls within the corporation's core strategic areas of business development which will see it penetrate new markets, expand existing markets and develop new products. Retakaful business is expected to take advantage of the rapid growth of Islamic finance market in the region.

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