Category: Uncategorized

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 debt-free capital structure. It also incorporates the strength of the business profile having a well-established franchise in the key targeted markets that the company operates in, as well as the improved level of diversification for the international business, and the entry into the Lloyd’s market and a well diversified GPW mix among the major lines of business. Furthermore, the report noted the sound governance framework, conservative investment policy, improved underwriting procedures and risk management techniques which resulted in an improvement in technical performance of the Saudi Re.

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).

Saudi Re completes the acquisition transaction of PHBL

Saudi Re is pleased to announce the completion of transaction and the consequent acquisition of 49.9% of the ordinary shares of PHBL.

Announcement on Tadawul

Standard & Poor’s Affirms Rating BBB + (Stable) pour 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 ….

Saudi Re announces signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of PHBL

Following announcement on 13-07-2017, Saudi Re announces signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL. PHBL is a limited liability company registered in Bermuda which invests in insurance reinsurance business and in Lloyd’s market.

Saudi Re a annoncé que Saudi Re annonce la signature d’une convention d’actionnaires avec Probitas Holdings (Bermuda) Limited (PHBL) pour acheter 49,9% des actions de PHBL

Following announcement on 13-07-2017, Saudi Re announces signing off a Shareholder Agreement with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL. PHBL is a limited liability company registered in Bermuda which invests in insurance reinsurance business and in Lloyd’s market.

Saudi Re annonce la signature d’une convention d’actionnaires avec Probitas Holdings (Bermuda) Limited (PHBL) pour acheter 49,9% des actions de PHBL

Après l’annonce du 13-07-2017, Saudi Re annonce la signature d’une convention d’actionnaires avec Probitas Holdings (Bermuda) Limited (PHBL), par laquelle Saudi Re achètera 49,9% des actions ordinaires de PHBL. PHBL est une société à responsabilité limitée enregistrée aux Bermudes qui investit dans des activités de réassurance d’assurance et dans le marché de Lloyd’s.

Saudi Re announces signing off a memorandum of understanding with Probitas Holdings (Bermuda) Limited (PHBL) to purchase 49.9% of the shares of PHBL

Saudi Re, announces signing off a Memorandum of Understanding with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL. 

Saudi Re annonce la signature d’un mémorandum d’accord avec Probitas Holdings (Bermuda) Limited (PHBL) pour acheter 49,9% des actions de PHBL

Saudi Re, announces signing off a Memorandum of Understanding with Probitas Holdings (Bermuda) Limited (PHBL), through which Saudi Re will purchase 49.9% of the ordinary shares of PHBL. 

تعلن الشركة السعودية لإعادة التأمين (إعادة) عن توقيع إتفاقية تملك أسهم مع شركة بروبيتاز برمودا القابضة بغرض تملّك 4..9.9% من أسهم الشركة

.9.9% من أسهم الشركة إلحاقاً لإعلان الشركة بتاريخ 13-07-2017م ، تعلن الشركة عن توقيع إتفاقية تملك أسهم مع شركة بروبيتاز برمودا القابضة تمكن الشركة من تملّك ما نسبته 49.9 في المائة من الأسهم العادية لشركة بروبيتاز برمودا القابضة ، وهي شركة ذات مسئولية محدودة غير مدرجة مسجلة في برمودا ، ويتركز نشاطها في الاستثمار في […]