Saudi Re eyes mergers, acquisitions to boost international growth

Posted On: Aug. 12, 2019 5:58 AM CST

Fahad Al-Hesni, chief executive of Saudi Reinsurance Co., said that the reinsurer is looking at mergers and acquisitions to expand its international operations, Middle East Insurance Review reported citing sources. Mr. Al-Hesni said that the reinsurer is also considering acquiring the remaining stake in insurer Probitas Holdings (Bermuda) Ltd, of which it owns 49.9%.