Description

Saudi Reinsurance Company, established on May 17, 2008, and headquartered in Riyadh, Saudi Arabia, primarily operates in the insurance and reinsurance industry. The firm structures its extensive services across several key operational divisions. Its Engineering division provides coverage for project-related risks, alongside third-party liability protection for material damage or personal injuries. The Fire segment offers indemnification against hazards such as fire, floods, earthquakes, and other external perils. Within the Marine segment, the company covers loss or damage to cargo, port facilities, vessels, and other modes of transport utilized for freight distribution. The Motor segment addresses financial losses or damages to policyholders' vehicles incurred in accidents. Protection encompasses term and credit life insurance offerings. The General Accident segment covers a broad range of incidents and assets, including financial instruments, liabilities, and personal accident insurance for both individuals and groups. Through its Specialty segment, the company participates in the Lloyd's market, underwriting global property, marine, energy, and other niche risks. Lastly, the Others category includes diverse areas such as aviation, energy, agricultural insurance, political risk, and whole account coverage, which manages ceding companies' retention on an excess of loss basis.