Category: Uncategorized

Saudi Re announces its rating upgrade by Moody’s to A2 IFSR with a stable outlook

Saudi Reinsurance Company “Saudi Re” announces receiving an upgrade on its credit rating from Moodey’s from A3 to A2 with a stable outlook.     The rating upgrade of Saudi Re to A2 reflects strengthened business and financial profiles following Saudi Arabia’s Public Investment Fund’s acquisition of a significant minority stake in Saudi Re and the […]

Saudi Re and Damanat Sign Memorandum of Understanding to Strengthen Reinsurance Collaboration

Saudi Reinsurance Company (Saudi Re) and Saudi Housing Guarantee Services Company (Damanat) have signed a Memorandum of Understanding (MoU) that establishes a collaboration framework between the two parties with the objective of developing insurance and reinsurance solutions for the mortgage financing sector. The MoU paves the way to design innovative risk management solutions that support […]

“Saudi Re” Announces that Moody’s has affirmed its rating at A3 Insurance Financial Strength Rating (IFSR) with Positive outlook

Saudi Reinsurance Company “Saudi Re” Announces that Moody’s has affirmed its rating at A3 Insurance Financial Strength Rating (IFSR) with a positive outlook. The financial rating of Saudi Re reflects its: 1- Strong brand and market position in Saudi Arabia as the sole Saudi professional reinsurer as well as a growing presence in its target […]

Saudi Reinsurance Company “Saudi Re” announces the sale of its shareholding in Probitas for GBP 120 million, to focus on other growth opportunities

Saudi Re announces an agreement with UK-headquartered insurance company Aviva Insurance Limited or the sale of Saudi Re’s entire 49.9% stake in Probitas Holdings (Bermuda) Limited including its subsidiaries, for a consideration of GBP 120 million subject to final closing adjustments. Commenting on the transaction, Fahad Al-Hesni, Managing Director and CEO of Saudi Re, said […]

Saudi Re Announces the Assignment of Mr. Ahmed Al-Jabr as an Acting CEO

We are delighted to announce that Mr. Ahmed Al-Jabr has been appointed as the Acting CEO of “Saudi Re”. We would like to express our heartfelt gratitude to Mr. Fahad Al-Hesni, the former MD/CEO, for his tremendous contributions during his tenure with the company, and we wish him the best of luck in his future […]

Saudi Re Sponsors GAIF 2012

Saudi Re participates as Platinum Sponsor of the GAIF (General Arab Insurance Federation) 29th General Conference which will take place at Marrakech-Morocco, between 21st and 23rd May 2012. GAIF biennial general conference attracts the attention of the MENA insurance industry. The GAIF 2012 features leading speakers addressing a theme of “Insurance and the Arab World Reform”. […]

Saudi Re conducts a client seminar on “the reinsurance value proposition: actuarial modeling and capital management”

As part of its efforts to share best practice with its clients, Saudi Re has organized a seminar titled “the reinsurance value proposition: actuarial modeling and capital management”. The event, held in Riyadh on Oct 8th 2011, was attended by an audience of senior executives in the Saudi insurance industry. In his opening remarks, Mr. Fahad Al-Hesni, […]

S&P Affirms Saudi Rating at BBB+

Saudi Re appoints its Sharia Board DetailsCreated on Monday, 24 October 2011 08:30 Saudi Re has appointed its Sharia Board effective May, 2011. The appointment of the Sharia Board comes to further supp Read more… CEO of Saudi Re ranks among the top 50 DetailsCreated on Monday, 24 October 2011 08:30 “Mena Insurance Review” has […]

Saudi Re conducts a training workshop on “Commercial Property Underwriting”

As part of its efforts to share best practice with its clients, Saudi Re has organized a training workshop titled “Commercial Property Underwriting”   The event, held in Riyadh on Jun 19th & 20th 2012,  was attended by an audience of insurance professionals representing 20 companies in the Saudi insurance industry. The training workshop focused on the technical aspects […]

Saudi Re conducts a Seminar titled: “Saudi P&C Market: Trends & Developments”

Saudi Re organizes a seminar to its clients titled: “Saudi P&C Market: Trends & Developments” on Oct 10th 2012 in Riyadh. The seminar provides  the industry professionals with an update of the key trends of the insurance and reinsurance market in Saudi Arabia, and discusses the design of optimal reinsurance coverage. The key topics include: trend analysis of […]