Saudi Arabia: Insurance Authority works with Red Sea Authority to cover coastal tourism risks

Published on November 1, 2024
The Insurance Authority and the Saudi Red Sea Authority (SRSA) have signed a cooperation agreement to launch insurance products that cover risks associated with all coastal tourism activities through
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Saudi Re sees net profit climb by 351% to over US$126m in first 3 quarters

November 1, 2024
The Saudi Reinsurance Company (Saudi Re) posted a surge of 351% in net profit after zakat to SAR475m ($126.5m) for the nine months ended 30 September 2024.

Investment income drives Kuwait Re's net profit up by 29% to over US$30m in first 3 quarters

November 1, 2024
Kuwait Re has posted a 29% year on year increase in net profits after zakat to KWD9.5m ($31m) for the first nine months of this year on the back of a surge in investment income.