Our 97-Year Story
Corporate
Milli Re, single-handedly meeting approximately 25% of Turkey's insurance market's reinsurance needs, is a trusted reinsurance business partner in Turkey and international markets with nearly a century of experience.
Fikret Utku Özdemir
Member of the Board of Directors and General Manager
Message from the CEO
Dear Stakeholders,
As Milli Re, we have been proud to pioneer the development of the Turkish insurance sector and contribute to our country's economic stability since 1929. These strong foundations, laid in the early years of our Republic, have today made us a globally trusted reinsurance brand.
Drawing strength from our past, we effectively adapt our deep technical knowledge and corporate experience in the reinsurance sector to today's rapidly changing risk environment. Our goal is to be more than just a provider of capacity; we aim to be a reliable solution center that creates sustainable value for our business partners.
Technological transformation and innovation form the cornerstones of our journey toward operational excellence. With processes supported by artificial intelligence and advanced data analytics, we increase our effectiveness in risk management day by day, setting future standards for our industry.
By placing sustainability principles at the heart of our strategy, we act with an awareness of our environmental, social, and governance responsibilities. We aim to make a difference not only through our financial achievements but also through our contributions to society and our support for our cultural heritage.
Our strong presence in international markets through our Singapore Branch is the most concrete evidence of Milli Re's global vision and technical competence. Our worldwide collaborations successfully represent Turkey's reinsurance strength in the international arena.
For us, success is the trust placed in us by our shareholders, business partners, and employees. To protect this trust and carry it into the future, we continue to work with our expert staff without compromising our ethical values.
Looking to the future, guided by our deep-rooted past and with an innovative vision, we will further strengthen our position as the leading reinsurance company in Turkey and the region. Together, we are determined to build a safer and more robust future.
Yours sincerely,
Fikret Utku Özdemir
Member of the Board of Directors and General Manager
A Global Reinsurance Brand Extending from Turkey to the World
Milli Re was established in 1929 to strengthen Turkey's insurance and reinsurance structure and support the sustainable development of the sector. Since its establishment, it has played a central role in the country's risk management architecture.
Milli Re, which has made significant contributions to the development of insurance in Turkey, is the first and only private company in the world to operate the compulsory reinsurance system across all branches. This responsibility has shaped the institution's technical capacity and corporate competence from an early period.
Throughout its corporate history approaching a century, Milli Re's fundamental responsibility has been to provide the reinsurance capacity needed by the insurance sector, support the healthy distribution of risks, and contribute to the resilience of the financial system.
The technical accumulation and corporate experience gained through the compulsory reinsurance responsibility undertaken in the founding years evolved over time into a strong trust reference at the national scale. Following the end of the compulsory reinsurance system, it has also been among the leading institutions of the sector; positioning itself as one of the strongest building blocks of the insurance ecosystem by assuming the risks of insurance companies.
It has undertaken responsibilities that support the continuity of the reinsurance system during critical risk periods faced by Turkey. Following the 1999 Marmara Earthquake, it contributed to the reshaping of the post-disaster insurance structure by participating in the establishment and management process of DASK. Today, in critical risks of the country, especially earthquakes, support is provided to the social recovery process by assuming the portion of insured damage exceeding a certain threshold.
Over time, Milli Re has expanded its field of activity to international markets, becoming a trusted reinsurance brand on a global scale. The Singapore Branch, with nearly twenty years of operational history, is a significant indicator of Milli Re's corporate presence in the global reinsurance market. The business partnerships established with international reinsurers demonstrate that technical expertise and financial soundness are recognized at the global level.
Today, Milli Re continuously develops its organizational structure through steps taken in areas such as digital transformation, sustainability policies, risk engineering, and ESG-focused business model. Thanks to processes supported by artificial intelligence and advanced digital systems, it maintains its position as a trusted reference for the sector in an increasingly complex risk environment.
The understanding of corporate responsibility is not limited to the financial system; it also extends to social, cultural, and artistic fields. Since the 1990s, uninterrupted contributions have been made to Turkey's culture and art ecosystem. The Milli Re Art Gallery, Milli Re Chamber Orchestra, International Insurers Tennis Tournament, and work carried out through the Turkish Insurance Institute Foundation are concrete examples of this approach.
This corporate accumulation approaching a century has been shaped within the framework of expertise, responsibility, and sustainability principles; making visible the values of Milli Re extending from the past to the future.