Saudi Re to sponsor Sharm El-Sheikh Insurance and Reinsurance rendezvous

Company targets treaty, general and life reinsurance segments, says Fahad Al-Hesni

  
Fahad Al-Hesni MD CEO Saudi Re

Fahad Al-Hesni MD CEO Saudi Re

Riyadh: Saudi Re for Cooperative Reinsurance Company (Saudi Re), the leading reinsurance company in the MENA region, is reinforcing its brand presence in Egypt ahead of the next year's busy reinsurance renewal season.

Recognizing the significance of the Egyptian and North African insurance market, Saudi Re is participating as main sponsor of the first annual Sharm El-Sheikh Insurance and Reinsurance Rendezvous which will be held in Sharm El-Sheikh from October 28 to 30, 2018.

Fahad Al-Hesni, Managing Director and Chief Executive Officer of Saudi Reinsurance Company, commented: "Saudi Re has a wide presence in the Middle East and North Africa (MENA) with Egypt being among the most valuable markets in the region. The recent A3 insurance financial strength rating (IFSR) and a stable rating by Moody's stand as a testimony to Saudi Re’s long-term commitment to one of the Middle East’s highest growing economies, as we expand our reach to bolster our market position."

"Saudi Re has a strong relationship with most of the insurance companies in Egypt. Given our long-standing commitment to this market, Saudi Re aims to further expand in the Egyptian market and seeks to provide reinsurance support to major projects in Egypt’s engineering, infrastructure and power generation sector, Al-Hesni said.

Commenting on its participation at Sharm El-Sheikh Insurance and Reinsurance Rendezvous, Fahad Al-Hesni asserted: "The Rendezvous will allow Saudi Re to interact with its clients and partners and provide a unique opportunity to take advantage of the experiences from different markets and help in developing the Egyptian insurance industry. We look forward to this global event and share our varied experiences and extensive knowledge of the nearly 40 markets where we operate."

The Rendezvous will discuss four important axes: which are the best global practices in insurance and reinsurance; what is new in the international market; what needs to be developed in the brokerage business in the Egyptian insurance market and what are the challenges and opportunities of the insurance and reinsurance market in Egypt.

-Ends-

About Saudi Re

Saudi Reinsurance Company (Saudi Re) is a leading reinsurance company in the MENA region, providing risk transfer solutions to insurance companies in more than 40 markets across the Middle East, Asia, and Africa.

Saudi Re, which is listed on the Saudi Exchange Market, offers treaty and facultative reinsurance solutions in engineering, property, marine, casualty, motor, life and health. 

Headquartered in Riyadh, Saudi Arabia, where it was founded in 2008 as the first reinsurance company in the Saudi market, Saudi Re is presently rated an A3 insurance financial strength rating (IFSR) by Moody's with a stable outlook. For more information, visit www.saudire.net

© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.


More From Press Releases