SM RE to expand global reach beyond Africa and Asia

SM Reinsurance Company (SM RE), a Dubai-based specialist reinsurer, has announced plans to expand its operations and target markets beyond Africa and Asia to support continued growth.

Since its inception on June 1, 2023, SM RE has experienced rapid growth in the global reinsurance market, underwriting 450 risks and generating approximately $42 million in Gross Written Premium, alongside a technical underwriting profit.

The company has also partnered with around 50 reinsurers and reinsurance brokers, further strengthening its presence in the market.

Led by General Manager Jacquelin Fine, SM RE writes risks across multiple business classes, including Fire, Engineering, Liability, Miscellaneous Accidents, and Marine.

Currently operating primarily across Africa (excluding South Africa) and selected Asian markets, SM RE aims to broaden its reach and fulfill its ambition of “reinsuring the world” by building a wider network of clients and partners beyond these regions.

Fine commented, “These important milestones have been achieved through our business strategy of Win-Win Partnership, and the growth we have seen is a testament of the hard work of our team and the trust we have built with our partners.

“We are excited to continue expanding our reach, and with plans to target markets outside of Africa and Asia, we are poised for even greater success in the years to come.”

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