Saudi Re has a diversified portfolio of facultative and treaty proportional and non-proportional business serving clients in more than 30 countries. We aim to develop and grow alongside our clients through building strong and sustainable relationships. Our underwriters travel around various markets to meet and interact with clients to develop better insights into their requirements.
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.
Saudi Re has always demonstrated commitment to serving the region. As one of the highest capitalized reinsurer in the Gulf region (Paid-up capital of SAR 810 Million, USD 216 Million), Saudi Re is very well positioned to offer first class security in treaty and facultative in both proportional and non-proportional businesses.
Saudi Re writes business in selected markets in Asia and Africa and has developed a range of reinsurance solutions which cater for the conventional and the Takaful and Re-takaful industry. Saudi Re delivers its services directly or through its network of approved brokerage firms. in India, Indonesia, Malaysia, Pakistan, Singapore, South Korea, Turkey and other countries.