the Completion of PIF Transaction

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”. The conference presents an important opportunity for the industry professionals regionally and internationally to meet and discuss matters affecting the industry. http://gaif2012.com

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, CEO Saudi Re, said“The topic of the seminar was stimulated by discussions with some of our clients. Analyzing volatility and capital allocation per line of business can provide valuable insights in respect of developing a reinsurance strategy as well as a business strategy, and this seminar is intended to shed light on how benefit from actuarial analysis”. He also added “this comes as part of a series of seminars covering a spectrum of topics which Saudi Re host for its clients across different markets”.  Beside Mr. Fahad Al-Hesni, CEO Saudi Re, other speakers were Mr. Andreas Bollmann, Saudi Re Chief Underwriting Officer who discussed the value proposition of reinsurance, Dr. Ameer Batcha, Saudi Re Chief Risk Officer who has lead a session on solvency regimes and risk based capital, and Mr. Safdar Jafar, Milliman’s Managing Director Middle East and Africa who discussed the value of actuarial modeling.

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 listed Mr. Fahad Al-Hesni, CEO of Saudi Re among the top 50 industry leaders in the MENA region for the year 2011, “Power 50”. Read more… Trading Stocks in Saudi Arabia DetailsCreated on Monday, 24 October 2011 08:30 “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, “Power 50”. Read more…

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 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”.

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 pricing and terms of primary insurance in the Saudi market in property, engineering and motor lines of business, developments in the reinsurance pricing and renewals in the Saudi market, and issues relating to managing exposure and setting retention levels.

Saudi Re sponsors of the 7th International Takaful Summit (ITS) which will take place in Cairo- Egypt, on the 18th-19th February 2013.  ITS is considered one of the key events in the Takaful industry and attracts the attention of industry professionals regionally and internationally. The seventh summit features the theme of “Capitalizing on the Potential of Global Takaful Industry”  www.takafulsummit.com/2013