Insurance brokerage Willis Towers Watson (WTW) has received a license to operate as a reinsurance broker in the Kingdom of Saudi Arabia (KSA).

Mohammed S AlSudairy has been appointed as the new Head of Reinsurance Broking at WTW Saudi Arabia.

AlSudairy, who will now operate out of KSA, previously worked as Deputy Managing Director of Chedid Reinsurance Brokerage.

He has experience in handling treaty-related activities, facultatives and claims tailored specifically to the Saudi market.

Eleni Lykoudi, Head of WTW CEEMΕA, said: “We are delighted to welcome Mohammed, whose leadership will play a key role in advancing our growth strategy in this dynamic and thriving market. His appointment signals our commitment to the kingdom and the wider region. We are confident that his deep market insight will help us to further innovate and deliver even greater value to our customers.”

AlSudairy added: “I am delighted to be joining WTW during this important phase of expansion. Securing our reinsurance broker license in Saudi Arabia positions us to provide exceptional support and solutions to our clients across the kingdom

“I look forward to building momentum, forging lasting partnerships and further strengthening WTW’s success in this dynamic market, while contributing to the ambitions of Saudi Arabia’s Vision 2030 goals and objectives.”

Earlier this month, WTW launched CyCore Asia, a installation of cyber insurance aimed at companies in Singapore and Hong Kong. The facility is underwritten by QBE Insurance Group and AXA XL and provides primary insurance capacity of up to $15 million.

CyCore Asia was developed in response to WTW’s emerging and interconnected risk survey, which identified technology and cyber risks as key concerns for businesses in Asia.

“WTW Gets Reinsurance License in Saudi Arabia” was originally created and published by International life insurancea trademark owned by GlobalData.

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