Insurance coverage brokerage Willis Towers Watson (WTW) has acquired a licence to function as a reinsurance dealer within the Kingdom of Saudi Arabia (KSA).
Mohammed S AlSudairy has been named as the brand new head of Reinsurance Broking for WTW Saudi Arabia.
AlSudairy, who will now function out of KSA, beforehand labored because the deputy CEO at Chedid Reinsurance Brokerage.
He has experience in dealing with treaty, facultative and claims actions particularly tailor-made for the Saudi market.
WTW CEEMΕA head Eleni Lykoudi stated: “We’re excited to welcome Mohammed, whose management will play a key function in advancing our progress technique on this dynamic, flourishing market. His appointment indicators our dedication to the dominion and the broader area. We’re assured that his deep market insights will assist us additional innovate and ship even higher worth to our purchasers.”
AlSudairy added: “I’m more than happy to hitch WTW throughout this necessary part of enlargement. Securing our reinsurance dealer licence in Saudi Arabia positions us to ship distinctive help and options to our purchasers all through the dominion.
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“I sit up for constructing momentum, forging lasting partnerships and additional strengthening WTW’s success on this dynamic market, whereas contributing to the ambitions of Saudi Arabia’s Imaginative and prescient 2030 targets and targets.”
Earlier this month, WTW launched CyCore Asia, a cyber insurance coverage facility aimed toward companies in Singapore and Hong Kong. The power is underwritten by QBE Insurance coverage Group and AXA XL and affords a main insurance coverage capability of as much as $15m.
CyCore Asia was developed in response to WTW’s Rising and Interconnected Threat survey, which recognized expertise and cyber dangers as key considerations for companies throughout Asia.
