Day: 3 January 2025

Saudi Re receives approvals from SAMA and Lloyd’s to proceed with Probitas Holdings (Bermuda) Deal

Saudi Re is pleased to announce receiving the required approvals from the Saudi Arabian Monetary Authority (SAMA) and also from Lloyd’s of London to proceed with the deal to purchase 49.9% of the ordinary shares of Probitas Holdings (Bermuda) Limited (PHBL). Announcement on Tadawul – 1/10/2017Announcement on Tadawul – 27/9/2017

Saudi Re Receives AA+ Insurance Financial Strength Rating (IFSR) From SIMAH’s Credit Rating Agency (Tassnief) with …stable outlook

Saudi Re is pleased to announce that it has been assigned an AA+ Insurance Financial Strength Rating (IFSR) by SIMAH’s Credit Rating Agency, Tassnief, with stable outlook. According to the rating issued on on 26 Sep. 2018, the AA+ Rating of Saudi Re reflects its strong financial profile supported by its strong equity base and […]

Moody’s Maintains Saudi Re’s A3 Rating; Outlook Stable

Moody’s Investors Service «Moody’s» maintains its A3 Insurance Financial Strength Rating (IFSR) of Saudi Reinsurance Company «Saudi Re», with a stable outlook. Moody’s said Saudi Re’s A3 rating reflects its strong market position and brand in Saudi Arabia as the sole professional reinsurer in the Kingdom and its growing presence in the target markets of […]

Saudi Re’s net profit before Zakat increases 203% in first half of 2019

Saudi Reinsurance Company (Saudi Re), listed on the Saudi Exchange Market (TASI), recorded a net profit before Zakat of SAR 42.6 million in the six-month period ending Jun.30, 2019, an increase of 203 per cent from SAR 14.0 million in the same period last year. The Company achieved growth in operating results (the results of reinsurance operations) […]

Saudi Re Organize a Seminar for the Asian Market

Industry specialists presented their views about growth prospects in the Asian insurance markets in a seminar organized by Saudi Re last week in Kuala Lumpur, Malaysia. Qian Zhu, Vice President – Senior Credit Officer, Moody’s Investors Service, highlighted that premium growth in Asia Pacific’s property and casualty (P&C) sector remains robust and continues to exceed […]

«Saudi Re» to sponsor the second annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous

Recognizing the significance of the Egyptian and North African insurance market, Saudi Re is participating for the second time as a main sponsor of the second Sharm El-Sheikh Insurance and Reinsurance Rendezvous which will be held in Sharm El-Sheikh from November 11 to 13, 2019.  Sharm Rendezvous is expected to be attended by nearly 1000 […]

Saudi Re Announces Maintaining an AA+ Insurance Financial Strength Rating (IFSR) By SIMAH’s Credit Rating Agency (Tassnief)

Saudi Re is pleased to announce that it has maintained an AA+ Insurance Financial Strength Rating (IFSR) by SIMAH’s Credit Rating Agency, Tassnief, with a stable outlook According to the report issued by (Tassnief), on 5th Nov. 2019, the rating of Saudi Re reflects its strong financial profile supported by its strong capitalization, with solvency […]

Saudi Re receives Sharia certification from Shariyah Review Bureau

Saudi Re announces that it has received the annual Shariyah Audit Report for 2019 from its Shariyah Advisor i.e. Shariyah Review Bureau (SRB) on 16/04/2020, which confirmed that Saudi Re has complied with their Shariyah criteria standards.

Saudi Re Appoints New Board of Directors

Saudi Re announce the approval on the election of members of the Board of Directors for a period of three years for the period from 11/05/2020 to 10/05/2023, and their names are: Mr.Hisham Abdulmalik Al-Shaikh Mr. Fahad Abdulrahman Al-Hesni Dr. Peter F. Hugger Mr. Ahmed Sabbagh Mr. Marc Maupoux Mr. Meshari Al Hussain Mr.Jean-Luc Gourgeon […]

Saudi Re named exclusive reinsurer for Inherent Defects Coinsurance Program

Saudi Reinsurance Company (Saudi Re), announced the signing on an exclusive reinsurance contract with Malath Insurance Company, on behalf of the Saudi insurance industry, to provide reinsurance coverage on the Inherent Defects Coinsurance Program. With this arrangement, the sole Saudi reinsurer will act as the exclusive reinsurer for the Saudi Arabian Inherent Defects Coinsurance Program […]