# Warba Insurance & Reinsurance Company

Warba Insurance & Reinsurance Company is an Insurance based in Kuwait City, Kuwait.

## Overview

- **Organization type:** Insurance
- **Headquarters:** Kuwait City, Kuwait
- **Region:** Middle East
- **Address:** Sharq, Ahmad Al Jaber Street, Warba Tower, Kuwait City, Kuwait
- **Founded:** 1976
- **Assets under management:** $318M (Altss estimate)
- **Website:** warba.insure
- **LinkedIn:** https://www.linkedin.com/company/warba-insurance-company-kscp

## Regulatory record

- **Reports private funds:** No

## About

Established by an Amiri decree in 1976, Warba Insurance & Reinsurance Company is among the oldest listed composite insurers in Kuwait. The firm is ultimately controlled by Bukhamseen Holding Company, a diversified Kuwaiti conglomerate, and Anwar Jawad Bukhamseen has chaired the board since 2010. While the insurer serves individual and corporate policyholders across Kuwait, its investment portfolio is the structural anchor — an estimated $318 million book (Altss estimate) generated from decades of retained premium float. Warba underwrites a full suite of conventional and Takaful-compliant risk: motor, marine, fire and general accident (FGA), life, and medical insurance. The investment side concentrates the resulting float into domestic hard assets and securities. The firm owns Warba Tower, a commercial property on Ahmad Al Jaber Street in Kuwait City's Sharq district, and holds a mixed-use real estate stake through Partners Properties Company WLL. Cash and fixed-income allocations round out the portfolio — a configuration typical of Gulf insurers that prioritize capital preservation and local property exposure over global private equity or venture. Warba maintains institutional-grade credit and operational certifications intended to attract regional reinsurance relationships. The firm holds an ISO 9001:2015 quality-management certification and an ISO 27001:2013 information-security certification, alongside a BBB+ credit rating with a positive outlook. Its strategic orbit extends beyond insurance underwriting: the CEO serves on the board of Kuwait International Bank (KIB), linking Warba to the broader Kuwaiti banking-Takaful ecosystem, and the firm is a member of the Federation of Afro-Asian Insurers and Reinsurers (FAIR). Warba also operates a corporate social-responsibility program, though no separate philanthropic foundation structure is disclosed. Warba's structural distinction lies in its dual life as an insurance carrier and a by-decree Kuwaiti institution. Most global insurers report to shareholders first; Warba reports to a conglomerate parent and a strategic mandate aligned with Kuwait Vision 2035. That alignment — combining state-building insurance-penetration goals with a board chaired directly by the conglomerate's founder — makes Warba's investment-book decisions inseparable from the Bukhamseen ecosystem's broader Kuwaiti real-asset and banking relationships.

## Sectors

- Insurance

## People

- Anwar Jawad Bukhamseen — Chairman of the Board

## Questions

### What is the relationship between Warba Insurance and Bukhamseen Holding Company?

Bukhamseen Holding Company is the ultimate parent of Warba Insurance & Reinsurance Company, and Anwar Jawad Bukhamseen — a founding figure in the conglomerate — has served as Warba's Chairman of the Board since 2010. The relationship places Warba within a broader Kuwaiti family-controlled ecosystem that spans real estate, banking and other sectors.

### How does Warba Insurance invest its float?

Warba invests its premium-generated float primarily in Kuwaiti real assets and fixed income. The portfolio includes direct ownership of Warba Tower, a commercial property in Kuwait City, a mixed-use real estate stake through Partners Properties Company WLL, and cash and fixed-income allocations. The firm does not publicly disclose a global private-equity or venture-capital program.

### Is Warba Insurance publicly listed?

Yes. Warba Insurance & Reinsurance Company has been listed on the Kuwait Bourse since 1986, making it one of the longer-tenured publicly traded insurers on the exchange. Its ticker is available through Kuwaiti market data feeds.

### What credit rating does Warba Insurance hold?

Warba Insurance holds a BBB+ credit rating with a positive outlook. The rating reflects assessments of the company's capital adequacy, investment portfolio, and business model, and is relevant for counterparties evaluating Warba's reinsurance and underwriting capacity.

## Related profiles

- [Stuart Chaussée & Associates](https://altss.com/profile/stuart-chaussee-and-associates)
- [Whyte & Mackay Pensions](https://altss.com/profile/whyte-and-mackay-pensions)

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Last updated: 2026-06-03T20:00:00.000Z

Canonical page: https://altss.com/profile/warba-insurance-and-reinsurance-company

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