Positioned for growth

Formed in 2008, Saudi Re was the first reinsurance company to be formed in Saudi Arabia and the first to be licensed by the Saudi Monetary Agency. With capital of SR1 billion ($267 million) and a rating of BBB+ from rating agency Standard & Poor’s, Saudi Re writes a mixture of facultative and treaty business on a proportional and non-proportional basis. Business lines it is involved in include property, engineering, marine, casualty, motor, life, medical and retrocessional business.