Category: Uncategorized

Saudi Re effectue un atelier de formation sur la “souscription de propriété commerciale

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 19^th & 20^th 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 of property underwriting covering the different types of construction and their characteristics, common occupancy hazards, fire protection systems, fire and natural catastrophe exposures, and evaluating the risk of burglary and theft.

Mr. Fahad Al-Hesni, MD-CEO of Saudi Re, commented “Property insurance approximately generates premiums of SAR 1 billion representing 6% of the overall insurance market in Saudi Arabia. Thus, Saudi Re conducts these training programs to strengthen the technical knowledge of property line of business which has a great growth potential especially in the light of the economic and infrastructure developments we are experiencing in the Kingdom.” He also added “this workshop comes as part of a series of training events covering a spectrum of topics which Saudi Re hosts for its clients of insurance companies across different markets”.

Standard & Poor’s Affirms Rating BBB+ (Stable) for Saudi Re

    Riyadh, Standard & Poor’s (S&P) has affirmed Saudi Re’s financial strength rating at BBB+ with a stable outlook. S&P expects that Saudi Re will gradually prove successful in establishing a good and diversified competitive position in Saudi Arabia, the GCC, and beyond, while generating sufficient revenues to cover costs, and is likely to continue to display tangible progress in the development of its competitive position…

S&P Affirms Saudi Rating at BBB+

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”.

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.

S&P Affirms BBB+ Rating of Saudi Re with Stable Outlook

Major Rating Factors Rationale Outlook Corporate Profile: A Strongly Capitalized Start-up Benefitting As The First Do .

Mr. Fahad Al-Hesni, CEO of Saudi Re ranks among the top 50 most influential industry leaders

“Mena Insurance Review” has listed Mr. Fahad Al-Hesni, CEO of Saudi Re among the top 50 industry leaders in the MENA region for the year 2011,

S&P Affirms BBB+ Rating of Saudi Re with Stable Outlook

Major Rating Factors Rationale Outlook Corporate Profile: A Strongly Capitalized Start-up Benefitting As The First Do .

Saudi Re appoints its Sharia Board.

Saudi Re has appointed its Sharia Board effective May, 2011. The appointment of the Sharia Board comes to further support Saudi Re direction in preserving the Cooperative Reinsurance in its operations