Saudi Reinsurance Company (Saudi Re), a leading reinsurer in the Middle East, has appointed Ahmed Al-Jabr as its new chief executive officer (CEO), effective from 1st October 2024.
Al-Jabr, who has been with the company since 2011, most recently held the position of acting CEO before stepping into the top role.
The firm is a prominent reinsurance provider, operating in over 40 markets across the Middle East and globally.
The company has garnered a solid reputation in the industry, backed by an ‘A-‘ rating from Standard & Poor’s and an ‘A3’ rating from Moody’s.
In the first half of the year, Saudi Re achieved 19% growth in gross written premiums, amounting to SAR 1.4bn.
The company continues to focus on its Strategy Towards 2028, aimed at reinforcing its competitive standing and sustaining profitable growth both locally and internationally.
Al-Jabr brings over 25 years of diverse experience within the insurance and reinsurance sectors to his new role as CEO.
Having joined Saudi Re in 2011, he has held various key executive positions, including chief operations officer and deputy CEO.
His extensive background includes expertise in operations, strategy management, and business development. Al-Jabr holds a Master’s degree in Business Administration from the University of Bradford in the UK, which complements his leadership and operational skills.
In addition to his professional journey at Saudi Re, Al-Jabr’s appointment as CEO underscores his long-standing contributions to the company. His leadership during his tenure as acting CEO further showcased his capability to guide Saudi Re’s growth trajectory.
Saudi Re continues its ambitious plans to strengthen its market presence, with the appointment of Al-Jabr seen as a strategic move to ensure sustained growth in the competitive reinsurance landscape. The company’s commitment to expanding operations domestically and globally aligns with Al-Jabr’s expertise in driving strategy and business development.
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