All Saudi Arabia articles
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News
Saudi Re appoints Ahmed Al-Jabr as new CEO
The reinsurer’s new CEO was previously leading Saudi Re in an acting capacity; in the first half of 2024 Saudi Re grew its book by 19% to SAR 1.4bn gross premium.
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Saudi Re completes sale of Its Probitas stake for £123m
Riyadh-based reinsurer sold its ownership stake in Probitas Holdings, Bermuda to Aviva.
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AM Best keeps ‘stable’ outlook on Gulf insurance markets
The insurance markets of the Gulf countries are broadly stable, the rating agency said in a segment report, but reinsurance was flagged as a vulnerability for local carriers.
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Saudi the ‘main driver’ for Dubai business – IGI’s Labat
IGI’s Dubai hub prioritises facultative business, because treaty reinsurance competition is fierce in the Middle East and sees a construction boom in Saudi Arabia as its biggest pipeline for growth.
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Middle East retention levels rising – Chedid Re’s Abi Rached
Local insurers have “more skin in the game” due to the hard market for reinsurance.
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Construction boom to lead expected growth for Gallagher’s Dubai practice
Onshore and offshore construction, M&A and financial lines are the top priorities for the reinsurance broker’s Middle East hub, Nadim Semaan told GR at GAIF34.
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ESG: business sense, culture and innovation focus – GAIF34 panel
Saudi Re is using technology to drive ESG, while speakers agreed on the need for top-down ESG strategy to align with overall strategy and to emphasise the business case of ESG.
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Saudi megaprojects: Opportunities and risks for global reinsurers
Given the size and scale of many of these projects, the global reinsurance market will have a significant role to play, say Chris Panes and Hassan Abdulfattah
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Aon Saudi Arabia appoints CEO
Samer AlFayez was previously chief executive officer of Elite Insurance and Reinsurance Brokers
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Aon launches Saudi reinsurance arm
Aon has established a new reinsurance broking division in Saudi Arabia after securing a licence from the country’s central bank.
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Saudi insurance sector eyes more mergers and acquisitions
Analysts said the Saudi insurance market is set to witness consolidation with mergers and acquisitions (M&A) gaining pace during 2021.
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GCC Secretary General welcomes reopening of Saudi Arabia-Qatar airspace
GCC Secretary General Dr. Nayef Mubarak Al Hajraf has welcomed the reopening of airspace and land and sea borders between Saudi Arabia and Qatar, announced by Sheikh Ahmad Nasser Al Sabah, Kuwaiti Foreign Minister.
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Breakthrough reached in Gulf dispute with Qatar
The development is the latest in a series of Middle East deals sought by Washington - the others involving Israel and Arab states - aimed at building a united front against Iran.