Saudi Arabia bans insurance and re-insurance activities within the same firm

January 2020

The Saudi Arabian Monetary Agency (SAMA) has prohibited combining insurance and reinsurance brokerage activities in the same company, effective immediately, it said in a statement last month. The agency said it had taken the decision to increase the stability of the insurance sector, boost its contribution to national economic growth and reduce wrong practice in the industry. Companies that currently...

To continue reading this article, Existing users can sign in / subscribe / renew and new users are requested to register.

May 2024

ICCA Congress 2024 Hong Kong - ‘International Arbitration: A Human Endeavour’

05 - 08 May 2024

ICCA's biennial Congresses attract a large number of participants from across the globe and have made significant contributions to the development of dispute resolution theory and practice. Renowned for stimulating in-depth discussion and providing new insights on matters related to international arbitration, the ICCA Congress is the largest regular conference devoted to international arbitration and caters to both practitioners looking to build a practice in international arbitration and experts in the arbitration community.