Reinsurance News

Saudi Re

Need for pricing discipline growing across Asia Pacific P&C sector

9th October 2019

Pricing discipline is becoming increasingly important for property and casualty (P&C) insurers operating across the Asia Pacific region in light of intense competition and robust premium growth, according to industry specialists. Speaking at a seminar organised by Saudi Re in Kuala Lumpur, Malaysia recently, insurance and reinsurance industry experts from across ... Read the full article

Saudi Re posts strong net income growth for first half of 2019

9th August 2019

Saudi Reinsurance Company has posted a net profit before Zakat (a religious obligation for all Muslims who meet the necessary criteria of wealth), of SAR 42.6 million (USD 11.3 million) for the first half of 2019. This figure represents a 203% increase from the SAR 14 million in the same period ... Read the full article

Saudi Re experiences strong international growth at Q3

13th November 2018

Saudi Re’s results for the nine-month period ending 30 September 2018 show that company has steadily grown its international books, which now account for nearly 60% of its business. Fahad Al-Hesni, Managing Director and Chief Executive Officer (CEO) of Saudi Re, said that the company’s business in more than 40 countries ... Read the full article

Saudi Re looks to further expand into Egypt market

25th October 2018

Saudi Re for Cooperative Reinsurance Company (Saudi Re), one of the leading reinsurers in the Middle East & North Africa (MENA) region, has said that it plans to further extend its presence in the Egyptian markets. The company said that it will target growth in the region by focusing on the ... Read the full article