Riyadh, KSA, October 1, 2024: Saudi Reinsurance Company, known as “Saudi Re,” has announced the appointment of Ahmed Al-Jabr as its new Chief Executive Officer, effective today. This strategic move underscores the company’s commitment to leadership continuity and operational excellence.
Al-Jabr, who has been with Saudi Re since 2011, has progressively advanced within the organization. Prior to his new role, he served as Chief Operations Officer and was later promoted to Deputy CEO. Earlier this year, he took on the responsibilities of Acting CEO, showcasing his capability to lead the company through transitional phases.
With over 25 years of extensive experience in the insurance and reinsurance sectors, Al-Jabr brings a deep well of expertise to the position. His background encompasses various executive roles in operations, strategy management, and business development. Al-Jabr holds a Master’s degree in Business Administration from the University of Bradford in the United Kingdom, equipping him with both practical and academic insight into the industry.
Saudi Re stands as a leading reinsurance provider in the Middle East, operating across more than 40 markets. The company boasts an ‘A-‘ rating from Standard & Poor’s and an ‘A3’ rating from Moody’s. In the first half of 2024, Saudi Re achieved a remarkable 19% growth, reporting gross written premiums of SAR 1.4 billion. The company remains focused on executing its Strategy Towards 2028, which aims to enhance its competitive position while sustaining profitable growth both domestically and internationally.
