News Middle East21 Jan 2025

Saudi Arabia:Global broking company secures Kingdom of Saudi Arabia reinsurance license

| 21 Jan 2025

WTW has secured a licence to act as a reinsurance broker in the Kingdom of Saudi Arabia. The company has appointed Mohammed S AlSudairy as WTW Saudi Arabia's new head of reinsurance broking, based in the Kingdom.

WTW head of international Pamela Thomson-Hall said, “WTW prides itself in being able to serve clients globally, and obtaining our reinsurance broker license in the Kingdom of Saudi Arabia further enhances our international capabilities. We are thrilled to have Mohammed join us at this pivotal time in our evolution to broaden our reinsurance capabilities and drive new growth opportunities in this vibrant market.”

Mr AlSudairy was previously deputy CEO at Chedid Reinsurance Brokerage, He has extensive experience of managing and overseeing treaty, facultative and claims activities for the Saudi Arabian market.

WTW head of CEEMEA Eleni Lykoudi said, “We’re excited to welcome Mohammed, whose leadership will play a key role in advancing our growth strategy in this dynamic, flourishing market. His appointment signals our commitment to the Kingdom and the broader region. We’re confident that his deep market insights will help us further innovate and deliver even greater value to our clients.”

Newly appointed head of reinsurance broking Mohammed S AlSudairy said, “Securing our reinsurance broker license in Saudi Arabia, positions us to deliver exceptional support and solutions to our clients throughout 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.”

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