Who We Are
Saudi Re is a full-fledged reinsurance company that specializes in facultative and treaty reinsurance solutions in the classes of property, engineering, liability, marine, motor, life, and health. The Company was established and listed at the Saudi Exchange Market in 2008 as the first and only specialized licensed reinsurance company in the Kingdom. It is also the first reinsurance company licensed by the Saudi Arabian Monetary Agency (SAMA).
Our Value Proposition
Strong Financial Position
Local Knowledge with Global Reach
Experienced and Talented Team
We serve clients in more than 40 countries.
Our strategic vision is to evolve into a diversified reinsurance company that's among the 50 largest global reinsurance companies that will support the growth of our economy.Read More
2021 at a Glance
GWP SR 1.1 billion
among the 3 largest companies in the Middle East
strong growth momentum in 2019-2021
increase by bonus shares
Net profit SR 38.9 million
UW Profit SR 71.6 million
SR 3.1 billion
stable outlook credit rating by Moody’s
Reinsurance Company of the Year
Our Sustainability Approach
Our commitment to sustainability is highlighted by the fact that we were the first Middle Eastern reinsurer to publish a sustainability report. Our sustainability framework has been developed with a focus on integrating ESG factors into our strategies, plans, and processes.
Our Future Outlook
We have weaved a deeply thought-out strategy toward 2026 with a clear vision to “Evolve Saudi Re into a diverse and strong top 30 global reinsurer, contributing to the growth of the Kingdom’s economy”. Our strategic objectives foster local and international growth and are supported by the following pillars:
Scale, which relates to increasing the economic scale, earnings and capital base, and building resilience to loss events.
We aim at diversification, both geographically and also in terms of risk type, in which we endeavor to maintain a well balanced portfolio.
Technical and operational capabilities
We continually seek to develop our capabilities. These encompass technical capabilities, risk management capabilities, technological and operational capabilities, and human capital.
We value strong relationships, especially with cedants, brokers, partners, and regulators. Our corporate brand is also a strong factor in our relationship building.
Financial soundness is also a key facet in the robustness of our business. We need to retain our technical profitability, capital adequacy and ensure favorable returns on investment.