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Kuwait Re's profit jumps 61%

Posted On: May. 21, 2019 7:15 AM CST

Kuwait Reinsurance Company K.S.C.P.'s net profit surged 61% year over year to 1.6 million Kuwaiti dinar ($5.4 million) in the first quarter driven by net earned premiums and selective underwriting, Middle East Insurance Review reported. Gross written premium increased 18% to KWD 27 million from KWD 23 million in the first quarter of 2018.

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