The Egyptian Reinsurance Company is the first reinsurance company in the Middle East and Africa established in 1957. It is authorized to underwrite all classes of reinsurance business in Egypt and the international market.

Egypt Re has been affirmed a rating of "B++" outlook stable by A.M. Best on 9th May 2006, for the year ended 30/6/2005, for the fifth consecutive year. This rating

reflects the company’s very good capitalization, strong operating performance and investment returns.

During the last five years, paid-up capital has been increased four folds through capitalization of reserves. Currently, Egypt Re’s paid-up capital is L.E 500 million which is a further strengthen financial base.

In 2006, Egypt Re became subject to Law No. 203 for 1991 and became a member of the Insurance Holding Company (IHC) which is responsible for overlooking the operations of the 4 Egyptian state-owned (re)insurance companies.

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