Milli Re which was established in February 26, 1929 by Turkey İş Bank with the aim to operate the compulsory reinsurance system started its activity in July 9, 1929. Milli Re which meets the need of reinsurance -approximately 25 percent- in Turkish Insurance Market is the only local reinsurer that continues its operation in Turkey. Milli Re has an important position in establishment and development of Turkish Insurance Sector. Also, it makes countless contributions which are to nationalize Turkish Insurance Sector, to supply permanent income to the Public Treasury, to decimate the foreign capital outflows, to run training programs of insurance sector, to maintain international relationships in maximum level etc.
For more detailed information: http://www.millire.com/