Saudi Reinsurance Company (Re) has won the \u201cReinsurance Company of the Year\u201d award at the 8th Middle East Insurance Awards 2021, which was held virtually in Dubai.<\/p>\n\n\n\n
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Fahad Al Hosni, Managing Director and CEO of Re said: \u201cWe are delighted that Saudi Reinsurance Company (Re) has won the Reinsurance Company of the Year award, which recognizes the evolution of the company and reflects our client-centric approach, commitment to market development and efforts to promote sustainable practices.\u201d<\/p>\n\n\n\n
In line with its strategy to expand into international markets, Saudi Re has successfully built strong relationships with clients and brokers outside its home market, positioning itself as a leading and trusted reinsurer in the Middle East. In 2020, the company's international business grew to account for 63% of its total sales, with a growing presence in more than 40 countries in Asia, the Middle East, Africa and the Lloyd's market.<\/p>\n\n\n\n
The Middle East Insurance Awards are judged by a distinguished panel of 25 industry leaders representing regulatory bodies, rating agencies, insurance associations and prominent industry leaders. The results were independently audited by one of the Big Four auditing firms.<\/p>\n\n\n\n
The award recognizes companies that demonstrate leadership in the general reinsurance industry in the MENA region through innovation in product offerings, thought leadership, promoting stability and security in the industry as well as enhancing the image of the profession.<\/p>","protected":false},"excerpt":{"rendered":"
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