Newly-established Riyadh Reinsurance Company has obtained the green light to operate in the Egyptian market.
The Financial Regulatory Authority (FRA) granted the approval, reported Amwal Alghad.
Riyadh Re is a new Saudi reinsurance company, launched as a wholly owned subsidiary of The Cooperative Insurance Company (Tawuniya) in November 2025.
The new reinsurer joins two other Saudi companies on the FRA’s “Reinsurance Companies List 2026”. The details of Saudi reinsurers on the list are:
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RATING
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S&P
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AM Best
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Fitch
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Moody’s
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Financial Rating
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Credit
Rating
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Financial Rating
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Credit
Rating
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Financial Rating
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Financial Rating
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Riyadh Reinsurance
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A-
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a-
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Saudi Reinsurance
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A-
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a-
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A3
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Walaa Cooperative Insurance
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A-
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A3
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Source: FRA
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