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Saudi Reinsurance to lead war risk insurance
The Saudi Company for Reinsurance, "Saudi Re," has been chosen to lead the Saudi War Risk Pool for goods and ships, following the approval of its establishment by the Cabinet. The pool, which represents a partnership between the public and private sectors under the supervision of the Insurance Authority, aims to strengthen the readiness of the marine insurance market, support the continuity of trade movements and supply chains, reduce the impact of fluctuations in global reinsurance markets, and enhance Saudi Arabia’s position as a global logistics hub. This initiative is part of efforts to develop the capabilities of the Saudi market to address war-related risks affecting the movement of goods and ships.
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