Al-Hamra'a Insurance Company was established in 2001 by a group of internationally known businessmen, it has been building the road through the local Iraqi market and through underwriting all general insurance classes and life insurance since 2001.
This managed to build a strong, well trusted name.

By the year 2004 the company announced its partnership with Fajr Al-Gulf Company for insurance and reinsurance. This made us the first Iraqi company to be coping with the international standards of the global insurance market.

Fajr Al-Gulf Company for insurance and reinsurance is a Lebanese, Kuwaiti merged company working in Lebanon among the top ten companies with a fully paid up capital of $4,470,000.