Saudi reinsurers to get first refusal on 30% of overall cession of reinsurance agreements
Reinsurance News - Nov 18, 2024
In a new circular, The Insurance Authority of Saudi Arabia has issued new rules on reinsurance cessions, requiring local insurers entering into reinsurance agreements to offer 30% of the overall cession to domestic reinsurers first. Effective January 1st, 2025, this initiative aims to strengthen the...
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