Insurance broker Lockton announced it has secured a reinsurance license in the Kingdom of Saudi Arabia, which marks the next phase of Lockton’s geographical expansion and reflects the firm’s broader international strategy to deliver tailored facultative and treaty solutions to local insurance communities.
This expansion connects Lockton’s global wholesale and reinsurance expertise, enabling Lockton to meet insurers’ growing requirements to deliver world-class capacity and solutions tailored to the evolving risk needs across Saudi Arabia.
The reinsurance business will be led by Mohammed Al Rowais. Al Rowais brings more than 15 years of experience in the Saudi insurance market where he has held senior roles at leading firms and is a member of the Kingdom of Saudi Arabia’s Insurance Authority’s General Insurance and Reinsurance Subcommittee.
“Our priority is delivering locally led reinsurance solutions that combine global expertise with market-specific insight and that meet the evolving needs of clients in Saudi Arabia,” commented Ata Khatib, chairman, Lockton Middle East and North Africa, in a statement.
“Mohammed’s experience and leadership will help us build the capabilities needed to offer end-to-end support, from complex facultative placements to treaty solutions, ensuring clients have access to the best advice and execution where it matters most,” Khatib added.
“This license strengthens our offering and ensures we are meeting clients where they need us, in Saudi Arabia and beyond, with the combined reach of Lockton and the specialist capabilities of our Lockton Re (treaty) business,” according to Chris Brown, CEO, Lockton International.
“Proximity to clients is at the heart of our strategy and this expansion reflects our commitment to being there for them as their risk and insurance needs evolve,” Brown said.
“Treaty (reinsurance) is increasingly about innovation, bringing analytics, capital solutions and agile program design to support growth and resilience. Under Mohammed’s leadership, our Saudi platform will elevate how we deliver treaty solutions in the Kingdom, ensuring Lockton sets the standard for leadership and innovation in this critical market,” said Keith Harrison, International CEO, Lockton Re.
Facultative and Treaty Offering
Lockton’s reinsurance license enables the firm to offer a comprehensive suite of facultative and treaty solutions for Saudi‑based insurers, including:
- Complex facultative placements across energy, construction, property, casualty, financial lines, mergers and acquisitions and cyber.
- Treaty programs supported by market‑leading analytics, portfolio optimization, and capital advisory.
- Access to Lockton’s global network and market relationships, delivered through a local team with deep Saudi experience.
The news of Lockton’s reinsurance license follows Lockton’s expansion into Saudi Arabia and the appointment of Mohammad Al Abdul Jabbar in November 2025 as CEO of Lockton’s direct/retail business.
Source: Lockton
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