Saudi Re was established with the mandate to withstand large-risk events and contribute to building resilience across local and international markets, providing coverage to support our clients in a rapidly evolving risk environment and developing alongside them through building strong and sustainable relationships. To that end, Saudi Re has a diversified portfolio of facultative and treaty proportional and non-proportional business, serving clients in more than 40 countries.
Being the only homegrown reinsurer, Saudi Re is fully committed towards clients and the market as a whole. Saudi Re enjoys professional relationships with almost all active insurance companies in Saudi Arabia. Saudi Re is exempt from withholding tax which is an advantage when dealing with a domestic reinsurer. Also, the close proximity and specific knowledge in the local risk profile are key factors which make Saudi Re a reinsurer of choice.
As one of the largest reinsurance companies in the region, Saudi Re has consistently shown a dedication to serving the MENA region. Saudi Re is in a great position to provide top-notch security in facultative and treaty business, both proportional and non-proportional.
We are spreading our business in more than 19 countries in Africa and across many business lines, striking a balance between proportional and non-proportional contracts.
We at Saudi Re serve the Asian market, the second-largest market in our portfolio, through our branch in Malaysia (Labuan Branch) and our catastrophe modeling, which offers a complete view of the Asian market and improves risk analysis across a wide geographical spread.
We at Saudi Re participate in Lloyd’s market through providing third party capital.
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