Lockton Expands Saudi Footprint with Reinsurance License

Event summary

Lockton secured a reinsurance license in Saudi Arabia on April 30, 2026.
Mohammed Al Rowais appointed as CEO for Lockton's reinsurance business in the Kingdom.
The move follows Lockton's earlier expansion into Saudi Arabia with a retail insurance license.
Lockton now offers full-service capabilities including facultative and treaty solutions.

The big picture

Lockton's expansion into Saudi Arabia's reinsurance market aligns with broader industry trends of insurers seeking localized solutions tailored to emerging risks. The move underscores the strategic importance of proximity and specialized expertise in high-growth markets. With over 13,000 associates globally, Lockton aims to combine its international reach with deep local insights to support Saudi Arabia's evolving insurance needs.

What we're watching

Market Penetration: How Lockton will leverage its global network to capture market share in Saudi Arabia's evolving risk landscape.
Regulatory Dynamics: Whether Mohammed Al Rowais' leadership can navigate local regulatory complexities while integrating global expertise.
Competitive Positioning: The pace at which Lockton can differentiate itself from established reinsurance players in the Kingdom.

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