‎IA reappoints Saudi Re to lead war-risk insurance pool

‎<p><img src="https://argaamplus.s3.amazonaws.com/d84cdbc3-6e00-4084-ad21-a76bb8907f3a.png"></p> <p><span class="ckeCaption" >Logo of Saudi Reinsurance Co. (Saudi Re)</span></p> <hr> <div data-olk-copy-source="MessageBody" dir="auto" >Saudi Reinsurance Co. (<a href="https://www.argaam.com/en/tadawul/tasi/saudi-re" target="_blank">Saudi Re</a>) said it was reappointed by the Insurance Authority (IA) to lead the Saudi Marine Insurance Pool.</div> <div data-olk-copy-source="MessageBody" dir="auto" ></div> <div dir="auto" >The move follows the Saudi Cabinet’s approval to establish a Saudi war-risk insurance pool for cargo and vessels.</div> <div dir="auto" ></div> <div dir="auto"> <p >In a statement to <strong>Tadawul</strong>, the company said the initiative represents a national public-private partnership supervised by the IA. It aims to strengthen the insurance market’s capacity to manage marine risks.</p> <p ></p> <p >The initiative also seeks to support the continuity of trade and supply chains, mitigate the impact of volatility in global reinsurance markets, and enhance the Kingdom’s competitiveness as a global logistics hub.</p> <p ></p> <p >According to data available with <span ><strong>Argaam</strong></span>, Finance Minister Mohammed Al-Jadaan said the Saudi Cabinet had approved the establishment of a Saudi pool to provide war-risk insurance for cargo and ships.</p> <p ></p> <p >The Saudi Pool is a specialized national mechanism designed to strengthen the insurance market’s ability to manage marine risks and support the continuity of trade and supply chains through a public-private partnership.</p> </div>

Publication

Argaam - Company Disclosures · Stock Exchange/Regulatory Announcements

Published

10th September 2026

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argaam.com

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