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Saudi Arabia's Tawuniya receives IA license to establish Riyadh Re
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Saudi Arabia's Tawuniya receives IA license to establish Riyadh Re
The Cooperative Insurance Company (Tawuniya) has obtained the necessary license from the Insurance Authority (IA) to establish its new, wholly-owned subsidiary, Riyadh Reinsurance Company (Riyadh Re). Headquartered in Riyadh and incorporated on November 4th, 2025, Riyadh Re is entering the market with a strong capital base of SAR 550 million (approximately $146.7 million), backed 100% by Tawuniya. With a focus on Treaty & Facultative reinsurance…
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