19 May 2015News

Arch Reinsurance completes acquisition of Gulf Re

Bermuda-based Arch Reinsurance has completed its acquisition of Dubai-based specialty reinsurer Gulf Reinsurance.

Gulf Re, which was founded jointly by Arch and Gulf Investment Corporation in 2008, will continue to provide treaty reinsurance and specialty reinsurance lines with a focus on energy and utility assets primarily in the six member states of the Gulf Cooperation Council, including the MENA region.

“With the closing of the acquisition and the placement of a 90 percent whole account quota share retrocession arrangement of Gulf Re’s net liabilities and a loss portfolio transfer of all of its existing business with Arch effective as of October 1, 2014, Gulf Re is strongly positioned for opportunities in the marketplace,” said Arch.