Tawuniya will establish Riyadh Re to provide treaty and facultative reinsurance services
The Company for Cooperative Insurance Co. (Tawuniya) received approval from the Insurance Authority (IA) to establish Riyadh Reinsurance Co. (Riyadh Re). 
In a statement on Tadawul, the company said that Riyadh Re will be a wholly owned subsidiary based in Riyadh, with a share capital of SAR 550 million.
Riyadh Re will provide reinsurance services, including both treaty and facultative reinsurance, Tawuniya added.
Tawuniya will establish Riyadh Re to provide treaty and facultative reinsurance services
The Company for Cooperative Insurance Co. (Tawuniya) received approval from the Insurance Authority (IA) to establish Riyadh Reinsurance Co. (Riyadh Re).
In a statement on Tadawul, the company said that Riyadh Re will be a wholly owned subsidiary based in Riyadh, with a share capital of SAR 550 million.
Riyadh Re will provide reinsurance services, including both treaty and facultative reinsurance, Tawuniya added.
