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Kuwait Re's profit rises nearly 50%

Posted On: Aug. 22, 2019 6:10 AM CST

Kuwait Reinsurance Company K.S.C.P.'s net profit surged nearly 50% year over year to 2.87 million Kuwaiti dinar ($9.43 million) in the first half, driven by strong underwriting performance, Middle East Insurance Review reports. Gross written premium increased 23% to KWD 41.3 million, while underwriting profit rose 23% to KWD 2.3 million.

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