The Completion of PIF Investment in Saudi Re
- PIF acquires 23.08% stake in Saudi Reinsurance Company by way of a capital increase and subscription to new shares
- The investment aims to enable the company to scale up domestic capacity to meet rapid local growth and strengthen the Saudi insurance sector
- PIF’s investment reinforces Saudi Reinsurance Company’s position as the national reinsurer, further strengthening its presence regionally and globally
International Aspiration with Regional Focus
Saudi Re is a full fledge leading reinsurance company in MENA region with a global portfolio that covers more than 40+ markets in MENA, Asia, Africa and Lloyds
Operating in 40+ Markets
Serving clients in 40+ countries in MENA, Asia and Africa & Lloyd's Market
1.597 SR Billion
GWP 2023
Marine
Property
Engineering
Energy
Specialty (Lloyd's Market)
Life
Medical
Inherent Defects Insurance
General Accidents
Motor
Lines Of Business
Saudi Re provides the capacity, knowledge, and experience necessary to offer the clients with unique reinsurance solutions in facultative and treaty on a proportional and non-proportional basis.
40+ Markets
Diversification is central to our strategy, which seeks to minimize correlated risks, concentration risks, and accumulation risks. This ensures a well-balanced reinsurance portfolio and reduced volatility. Our portfolio currently serves 40+ markets in the Middle East, Asia, and Africa. The international business today accounts for 53% of our portfolio.