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KSA: ACE has announced the formation of ACE Re Reinsurance Brokers Ltd. (ACE Re) to manage reinsurance business in Saudi Arabia, a strategic addition to the business and to ensure compliance with Saudi Central Bank regulations.
ACE Re in Saudi Arabia will assist clients by putting a range of reinsurance structures in order to create significant capital relief for insurance buyers, and by offering creative solutions that addresses client’s specific needs.
“ACE has an established history of delivering customised insurance solutions to clients, applying international standards in all of its dealings, with direct access to the Lloyds market and to the major reinsurance securities across the globe. “With the formation of ACE Re in the Kingdom of Saudi Arabia, we are committed to servicing the reinsurance industry to the highest standard with integrity and transparency at all levels.” said Yolla El Khoury, CEO of the ACE Group.
“The ACE Group is a pioneer of the regional insurance and reinsurance industry. ACE Group’s agility and professionalism has led to exponential growth due to its ability to adapt to market changes through digitisation and the company’s culture which is receptive to transformation and innovation.”
© Press Release 2021
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