Chubb Arabia Backs Reinsurance Launch in Saudi Arabia

Chubb Arabia Cooperative Insurance Company ‘s Board of Directors approves Chubb Investments’ offer in principle to establish a reinsurance company in Saudi Arabia in partnership with Khereiji Investments, with Chubb Arabia’s share of the capital amounting to 10%.

The Company confirms that this approval is considered an initial and non-binding approval at this time, and remains subject to the completion and obtaining of all the necessary regulatory and regulatory approvals from the competent authorities.

Chubb Arabia will disclose any material developments related to this matter in a timely manner, in accordance with the relevant regulations and instructions.