Gulf Insurance Group - Jordan
Gulf Insurance Group - Jordan was established in 1996 under the name Arab Orient Insurance Company. In 2009, the company joined Gulf Insurance Group (GIG) and became one of its subsidiaries. Today, GIG Jordan is one of the leading insurance companies in Jordan and is part of Gulf Insurance Group, one of the largest insurance groups in the Middle East and North Africa (MENA) region, headquartered in Kuwait.
Gulf Insurance Group - Jordan has continuously focused on developing its insurance services by leveraging the expertise of its regional partners. The company offers a comprehensive range of insurance solutions, including medical insurance, motor insurance, life insurance, general insurance, engineering insurance, marine insurance, travel insurance, and many other insurance products.
As a testament to its strong financial performance and sustained growth, Gulf Insurance Group – Jordan has established strategic partnerships with leading international reinsurance companies and strengthened its position as a leading insurer in the Jordanian market. In November 2024, AM Best upgraded the company's Financial Strength Rating to A- (Excellent) from B++ (Good) and its Long-Term Issuer Credit Rating to a- (Excellent) from bbb, with a stable outlook for both ratings. This achievement positioned Gulf Insurance Group – Jordan as the first insurance company in Jordan to attain this distinguished rating level and the only insurer in the Kingdom to hold an A- (Excellent) rating. The company's headquarters is located in Amman, and it operates a wide network of branches within and outside the capital, including Mecca Street, Abdali, Abdali Mall, 2nd Circle, King Hussein Business Park, Shmeisani, Taj Mall, Irbid, and Aqaba.
Oman Re
Oman Reinsurance Company SAOG (Oman Re) commenced operations in July 2009 in the Sultanate of Oman with an initial paid-up capital of OMR 5 million (USD 13 million). The capital gradually increased to OMR 30 million (USD 78 million) and currently stands at OMR 32.6 million (USD 84.8 million), reflecting the company’s strong growth and financial stability.
As the first and only reinsurance company in the Sultanate, Oman Re was founded with the purpose of writing both Facultative and Treaty business from local and international markets. Today, the company serves a broad territorial scope covering the Middle East, Afro-Asian countries, Central & Eastern Europe (CEE), and the Commonwealth of Independent States (CIS), across both marine and non-marine lines of business.
Oman Re has marked important milestones in its journey of expansion:
With a strong capital base, a diversified portfolio, and a clear vision for sustainable progress, Oman Re continues to play a vital role in strengthening the region’s reinsurance capacity.